Digital Currency Group (#DCG ) has divided its Foundry mining operations into two distinct entities: Fortitude Mining and Foundry. Fortitude Mining will take over Foundry's self-mining activities and physical infrastructure, while Foundry will focus on managing its mining pool operations and other Bitcoin mining services.
This restructuring aims to position the companies for future growth, with Fortitude becoming a wholly-owned subsidiary of . Foundry's leadership will assist in the transition, and #DCG plans to hire new staff to support Fortitude. The move follows a workforce reduction at Foundry, which saw a 27% downsizing, impacting both its U.S. and Indian teams.
