According to Blockspace's exclusive report, Digital Currency Group (DCG) is splitting its subsidiary Foundry Digital's mining business into two separate entities. The new entity Fortitude Mining will include Foundry's self-mining business and physical infrastructure, while Foundry will retain mining pool operations and other mining services. According to DCG's third-quarter shareholder letter, Foundry's self-mining business is expected to generate $80 million in revenue by 2024. Previously, Foundry announced a 27% reduction in staff, reducing the number of employees from 274 to 200.
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DCG is splitting its self-operated Mining business Foundry into a new independent entity called Fortitude Mining
According to Blockspace's exclusive report, Digital Currency Group (DCG) is splitting its subsidiary Foundry Digital's mining business into two separate entities. The new entity Fortitude Mining will include Foundry's self-mining business and physical infrastructure, while Foundry will retain mining pool operations and other mining services. According to DCG's third-quarter shareholder letter, Foundry's self-mining business is expected to generate $80 million in revenue by 2024. Previously, Foundry announced a 27% reduction in staff, reducing the number of employees from 274 to 200.