🚀 Big moves in the crypto mining world! Foundry, owned by Digital Currency Group, is sharpening its focus by laying off 16% of its U.S. team and a small team in India. This strategic shift aims to bolster their core business as the #1 Bitcoin mining pool and support new ventures like Yuma.
With Bitcoin's halving on the horizon, miners are feeling the squeeze to cut costs. The hashprice index has dipped but is showing signs of recovery. 📈 Bitcoin's price has surged over 130% in the past year!
What are your thoughts on these industry shifts? Share your insights below! 💬