Digital Currency Group (DCG) has announced that it will spin off the self-mining unit of its Foundry subsidiary into a separate business called Fortitude Mining. Unlike other mining operations that focus solely on bitcoin, Fortitude Mining will mine a range of digital assets using proof-of-work protocols, with a specific focus on high-return tokens. Andrea Childs, the former senior vice president of operations and marketing at Foundry, has been appointed CEO of Fortitude Mining. DCG is actively seeking strategic partners, including venture capital firms, to invest in Fortitude, and has received potential interest in the company's equity and debt. Fortitude plans to reinvest cash flows into new hardware and site acquisitions in 2025.



Other News from Today