🚀 Bitcoin enthusiasts, hold onto your hats! Foundry Digital, a major player in the Bitcoin mining world, has made a bold move by cutting 27% of its workforce, affecting 74 employees. This strategic shift aims to sharpen their focus on core operations, like their Bitcoin mining pool, which currently powers a whopping 30% of the Bitcoin network's hash rate! 🌐

Despite the layoffs, Foundry's self-mining business is expected to rake in $80 million in 2024. While challenges loom for its parent company, DCG, Foundry remains optimistic about its Bitcoin-centric future. Keep your eyes on the prize, Bitcoin believers! 💪