Digital Currency Group spins out new crypto mining subsidiary
Despite spinning off Fortitude Mining, Foundry retains the largest Bitcoin mining pool with over 30% of the network’s hashrate.
Capital markets company Digital Currency Group (DCG) has spun out a new cryptocurrency mining subsidiary, signaling its intent to provide institutional exposure to a diversified pool of mined crypto assets.
According to a Jan. 29 announcement on the X social media platform, Fortitude Mining has been established as DCG’s standalone mining business. Previously, the mining operation was part of Foundry, a decentralized mining and staking service.
The financial details of the acquisition were not publicized.
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Author: Sam Bourgi
