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DCG LAUNCHES NEW CRYPTO MINING GIANT šš°
Digital Currency Group (DCG) has unveiled Fortitude Mining, a new subsidiary dedicated to venture mining across various digital assets. This spin-off builds on Foundry, DCGās mining division, which operates the worldās largest Bitcoin mining pool.
Led by Andrea Childs as CEO, Fortitude Mining will focus on Bitcoin and emerging Proof of Work ecosystems. DCG founder Barry Silbert emphasized its potential for capital raising and expansion.
With major investments in mining machines and reinvestment plans for 2025, Fortitude aims for long-term growth. Meanwhile, Foundry continues its mining operations despite recent layoffs.
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ā ļø Warning: Trading cryptocurrencies involves a high level of risk. Invest only what you can afford to lose.
#bitcoin #CryptoMiningā”ššŗšøš¤ #DCG #FortitudeMining #blockchain
Digital Currency Group (DCG) has unveiled Fortitude Mining, a new subsidiary dedicated to venture mining across various digital assets. This spin-off builds on Foundry, DCGās mining division, which operates the worldās largest Bitcoin mining pool.
Led by Andrea Childs as CEO, Fortitude Mining will focus on Bitcoin and emerging Proof of Work ecosystems. DCG founder Barry Silbert emphasized its potential for capital raising and expansion.
With major investments in mining machines and reinvestment plans for 2025, Fortitude aims for long-term growth. Meanwhile, Foundry continues its mining operations despite recent layoffs.
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Trade cryptocurrency with AI on top exchange coytx.com!
ā ļø Warning: Trading cryptocurrencies involves a high level of risk. Invest only what you can afford to lose.
#bitcoin #CryptoMiningā”ššŗšøš¤ #DCG #FortitudeMining #blockchain
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DCG Accepts $38 Million Fine: A Costly Lesson on Transparency
Digital Currency Group (#DCG ) and former CEO of Genesis, Michael Moro, have just agreed to pay $38 million to settle allegations from the U.S. Securities and Exchange Commission (SEC). The allegations revolve around DCG hiding serious financial risks related to Genesis Global Capital, the lending unit that went bankrupt.
The Case Started in June 2022
According to SEC documents, in mid-2022, a major client of Genesis, Three Arrows Capital (#3AC ), defaulted on a loan worth $2.4 billion, causing at least $1 billion in losses for Genesis.
The Case Started in June 2022
According to SEC documents, in mid-2022, a major client of Genesis, Three Arrows Capital (#3AC ), defaulted on a loan worth $2.4 billion, causing at least $1 billion in losses for Genesis.
"DCG Reshapes Mining Operations with Split into Fortitude Mining and Foundry"
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.
#DigitalCurrencyGroup #BitcoinMining #CryptoRestructure #FortitudeMining #Foundry #CryptoNews #MiningOperations #Blockchain #DCG #Bitcoin
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.
#DigitalCurrencyGroup #BitcoinMining #CryptoRestructure #FortitudeMining #Foundry #CryptoNews #MiningOperations #Blockchain #DCG #Bitcoin
šØ Breaking News: SEC Charges Digital Currency Group (DCG) for Investor Misleading
The U.S. SEC has filed charges against DCG, accusing the company of misleading its investors. The case is linked to the activities of Genesis, a DCG subsidiary.
š¹ DCG is accused of not being transparent with investors.
š¹ Reports suggest they might pay a $38M penalty, though this isnāt confirmed yet.
š¹ Details of the allegations are still unclear.
Source: https://www.sec.gov/files/litigation/admin/2025/33-11357.pdf
#SEC #DCG #Genesis $BTC $SOL
The U.S. SEC has filed charges against DCG, accusing the company of misleading its investors. The case is linked to the activities of Genesis, a DCG subsidiary.
š¹ DCG is accused of not being transparent with investors.
š¹ Reports suggest they might pay a $38M penalty, though this isnāt confirmed yet.
š¹ Details of the allegations are still unclear.
Source: https://www.sec.gov/files/litigation/admin/2025/33-11357.pdf
#SEC #DCG #Genesis $BTC $SOL
DCG LAUNCHES NEW CRYPTO MINING GIANT šš°
Digital Currency Group (DCG) has unveiled Fortitude Mining, a new subsidiary dedicated to venture mining across various digital assets. This spin-off builds on Foundry, DCGās mining division, which operates the worldās largest Bitcoin mining pool.
Led by Andrea Childs as CEO, Fortitude Mining will focus on Bitcoin and emerging Proof of Work ecosystems. DCG founder Barry Silbert emphasized its potential for capital raising and expansion.
With major investments in mining machines and reinvestment plans for 2025, Fortitude aims for long-term growth. Meanwhile, Foundry continues its mining operations despite recent layoffs.
$SOL $BNB $XRP
Trade cryptocurrency with AI on top exchange coytx.com!
ā ļø Warning: Trading cryptocurrencies involves a high level of risk. Invest only what you can afford to lose.
#bitcoin #CryptoMining #DCG #FortitudeMining #blockchain
Digital Currency Group (DCG) has unveiled Fortitude Mining, a new subsidiary dedicated to venture mining across various digital assets. This spin-off builds on Foundry, DCGās mining division, which operates the worldās largest Bitcoin mining pool.
Led by Andrea Childs as CEO, Fortitude Mining will focus on Bitcoin and emerging Proof of Work ecosystems. DCG founder Barry Silbert emphasized its potential for capital raising and expansion.
With major investments in mining machines and reinvestment plans for 2025, Fortitude aims for long-term growth. Meanwhile, Foundry continues its mining operations despite recent layoffs.
$SOL $BNB $XRP
Trade cryptocurrency with AI on top exchange coytx.com!
ā ļø Warning: Trading cryptocurrencies involves a high level of risk. Invest only what you can afford to lose.
#bitcoin #CryptoMining #DCG #FortitudeMining #blockchain
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DCG Launches Bitcoin Mining Company as Profits Surge ā A New Boost for the Market?
The venture capital firm Digital Currency Group (DCG) has officially launched Fortitude, a branch for Bitcoin mining and other digital assets, to expand revenue amidst high profits from Bitcoin mining.
Fortitude ā Not Only Mining Bitcoin But Also Aiming for Maximum Profit
#Fortitude not only focuses on Bitcoin but also applies a 'venture mining' model, which seeks digital currencies using the Proof-of-Work (PoW) algorithm with strong growth potential and high profitability.
Fortitude ā Not Only Mining Bitcoin But Also Aiming for Maximum Profit
#Fortitude not only focuses on Bitcoin but also applies a 'venture mining' model, which seeks digital currencies using the Proof-of-Work (PoW) algorithm with strong growth potential and high profitability.
Digital Currency Group Fined $38M by SEC for Misleading Investors
The SEC noted carelessness in reporting significant information and misrepresenting a $1.1 billion promissory note.
DCG was fined for misrepresenting Genesis Global Capital's finances.
The $38 million civil penalty followed an SEC probe into deceptive statements during Three Arrows Capital's default-triggered financial catastrophe.
Digital Currency Group, Inc. (DCG) was fined $38 million by the SEC for misrepresenting Genesis Global Capital, LLC's financial health. The punishment is for Securities Act of 1933 Section 17(a)(3) breaches.
Genesis Global Capital lent retail investor cash to crypto-focused hedge funds. After its biggest borrower, Three Arrows Capital (TAC), defaulted on $2.4 billion in loans in mid-2022, the program's financial model collapsed.
Misconduct Details
Financial Crisis and TAC Default
TAC missed a margin call in June 2022, leaving Genesis with a $500 million gap that ballooned to $1 billion as Bitcoin values collapsed.
Genesis and DCG openly announced the company's healthy balance sheet throughout the financial crisis.
Misleading PR
DCG officials shared Genesis' June 15, 2022, post on its financial stability.
A June 17 tweet erroneously stated Genesis had addressed TAC's default dangers.
Misrepresented promissory note
Genesis received a $1.1 billion promissory note from DCG on June 30 to boost its equity.
The note's 10-year maturity and 1% interest rate were not disclosed to investors, misrepresenting DCG's financial involvement.
Not Taking Care
DCG officials neglected to rectify Genesis' erroneous tales and ensure note openness.
Violations and Fines
DCG's negligence violated Section 17(a)(3), which bans securities offering fraud or deception, according to the SEC. Penalty includes:
DCG must cease breaking securities laws.
The U.S. Treasury must get $38 million within 14 days.
#TRUMPCoinMarketCap #CryptoTrump2.0 #TrumpCountDown #DCG #JobsBoomVsFed $BTC $ETH $XRP
The SEC noted carelessness in reporting significant information and misrepresenting a $1.1 billion promissory note.
DCG was fined for misrepresenting Genesis Global Capital's finances.
The $38 million civil penalty followed an SEC probe into deceptive statements during Three Arrows Capital's default-triggered financial catastrophe.
Digital Currency Group, Inc. (DCG) was fined $38 million by the SEC for misrepresenting Genesis Global Capital, LLC's financial health. The punishment is for Securities Act of 1933 Section 17(a)(3) breaches.
Genesis Global Capital lent retail investor cash to crypto-focused hedge funds. After its biggest borrower, Three Arrows Capital (TAC), defaulted on $2.4 billion in loans in mid-2022, the program's financial model collapsed.
Misconduct Details
Financial Crisis and TAC Default
TAC missed a margin call in June 2022, leaving Genesis with a $500 million gap that ballooned to $1 billion as Bitcoin values collapsed.
Genesis and DCG openly announced the company's healthy balance sheet throughout the financial crisis.
Misleading PR
DCG officials shared Genesis' June 15, 2022, post on its financial stability.
A June 17 tweet erroneously stated Genesis had addressed TAC's default dangers.
Misrepresented promissory note
Genesis received a $1.1 billion promissory note from DCG on June 30 to boost its equity.
The note's 10-year maturity and 1% interest rate were not disclosed to investors, misrepresenting DCG's financial involvement.
Not Taking Care
DCG officials neglected to rectify Genesis' erroneous tales and ensure note openness.
Violations and Fines
DCG's negligence violated Section 17(a)(3), which bans securities offering fraud or deception, according to the SEC. Penalty includes:
DCG must cease breaking securities laws.
The U.S. Treasury must get $38 million within 14 days.
#TRUMPCoinMarketCap #CryptoTrump2.0 #TrumpCountDown #DCG #JobsBoomVsFed $BTC $ETH $XRP
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DCGās Barry Silbert Bets Big on Decentralized AI
According to PANews, Barry Silbert, founder and CEO of Digital Currency Group (#DCG ), is making significant investments in decentralized artificial intelligence (deAI), which he describes as āthe next major era of cryptocurrency.ā
Silbert believes that the potential of deAI could surpass Bitcoin. In his letter to shareholders, he expressed strong optimism about the integration of #AI innovation with blockchain technology in the crypto industry. He stated that this combination of technologies could offer greater benefits to humanity than the siloed systems developed by companies like OpenAI.
In his fourth-quarter letter, Silbert stated, āWe are transitioning from ownership of digital assets to ownership of decentralized intelligence and the availability of massive decentralized computing resources.ā DCG has invested $105 million in more than a dozen deAI projects and plans to increase its investment in 2025.
Silbert highlighted DCGās investment in #bittensor , a crypto network focused on machine learning and AI applications, noting that Bittensorās TAO token shares many similarities with Bitcoin.
DCG intends to invest heavily in supporting the Bittensor ecosystem. Silbert noted that in November of last year, DCG founded a company called Yuma to incubate Bittensor infrastructure projects. Additionally,
Grayscale, another company under DCG, now offers investment products related to $TAO .
According to PANews, Barry Silbert, founder and CEO of Digital Currency Group (#DCG ), is making significant investments in decentralized artificial intelligence (deAI), which he describes as āthe next major era of cryptocurrency.ā
Silbert believes that the potential of deAI could surpass Bitcoin. In his letter to shareholders, he expressed strong optimism about the integration of #AI innovation with blockchain technology in the crypto industry. He stated that this combination of technologies could offer greater benefits to humanity than the siloed systems developed by companies like OpenAI.
In his fourth-quarter letter, Silbert stated, āWe are transitioning from ownership of digital assets to ownership of decentralized intelligence and the availability of massive decentralized computing resources.ā DCG has invested $105 million in more than a dozen deAI projects and plans to increase its investment in 2025.
Silbert highlighted DCGās investment in #bittensor , a crypto network focused on machine learning and AI applications, noting that Bittensorās TAO token shares many similarities with Bitcoin.
DCG intends to invest heavily in supporting the Bittensor ecosystem. Silbert noted that in November of last year, DCG founded a company called Yuma to incubate Bittensor infrastructure projects. Additionally,
Grayscale, another company under DCG, now offers investment products related to $TAO .
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