DCG spins off Fortitude Mining, while Foundry remains the largest Bitcoin mining pool with over 30% of the network’s hashrate.
DCG Establishes Fortitude Mining
Digital Currency Group (DCG) has launched Fortitude Mining as a standalone subsidiary, separating it from Foundry’s operations to enhance institutional exposure to crypto mining.
Leadership and Strategy
Andrea Childs, previously with Foundry since 2020, will lead Fortitude Mining as CEO, overseeing its role in DCG’s evolving mining strategy.
Foundry Retains Mining Dominance
Despite the spinout, Foundry continues to lead as the largest Bitcoin mining pool, commanding over 30% of the network’s total hashrate.
Bitcoin Mining Faces Industry Shifts
Post-halving, Bitcoin miners are consolidating through M&A deals, with many firms opting to hold mined BTC instead of selling.
Introducing @DCGco’s 5th subsidiary, Fortitude Mining! Originally part of @FoundryServices, @FortitudeCrypto is pioneering venture mining- a unique model providing diversified exposure to crypto and engages early in fast-growing Proof of Work ecosystems beyond just bitcoin
Public Miners Adapt to Market Dynamics
Major mining firms like MARA, Riot Platforms, and Hut 8 are diversifying strategies, increasing reserves to navigate shifting economics.
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