Digital Currency Group (DCG) announced the split of its Foundry mining business into two independent entities: Fortitude Mining and Foundry. Fortitude will focus on self-mining operations and physical infrastructure, while Foundry will continue to operate mining pools and other Bitcoin mining services.

DCG stated that this restructuring is to adapt to future growth, believing that Fortitude as an independent company will be more competitive. To ensure a smooth transition, DCG plans to transfer part of Foundry's leadership to the new company and recruit new employees from outside.

It is noteworthy that Foundry laid off 27% of its staff during the restructuring, affecting some teams in the United States and India. This adjustment demonstrates DCG's strategic considerations in optimizing resource allocation.