**Exciting News from the Crypto World: Foundry Digital Cuts 27% of Employees!**
- Foundry Digital has just announced a 27% cut in its workforce. Don't worry, it's not because they're tired of working, but part of a new strategy! 🎯
- CEO Mike Coyler said they want to focus on core business, such as Bitcoin mining pools and site operations. So, goodbye custom hardware projects, but ASIC repair services will continue!
- There are also 20 employees moving to Yuma, a newly established decentralized AI startup. Yuma is now an independent entity under DCG.
- Foundry still holds 30% of the total Bitcoin network hash rate. Their mining business is predicted to generate $80 million next year!
- DCG is indeed struggling after its subsidiary, Genesis, went bankrupt. However, Foundry remains optimistic about this change.
What do you think about this strategic move? Let's discuss in the comments column!