Digital Currency Group (DCG) has announced the launch of Fortitude Mining, a wholly-owned subsidiary that applies a venture mining approach to token mining opportunities across a range of digital assets. Built on the success of its five-year history as the self-mining division of Foundry, a leader in digital asset infrastructure, Fortitude Mining focuses on achieving strong returns by mining Bitcoin and other high-growth digital assets in emerging ecosystems with attractive return profiles.
Andrea Childs, who has more than six years of mining experience and most recently served as Senior Vice President of Operations & Marketing at Foundry, has been appointed CEO of Fortitude Mining. Mike Colyer continues as CEO of Foundry.
Despite the spin-off, Foundry retains its position as the largest Bitcoin mining pool, accounting for over 30% of the network’s hashrate.
This strategic move allows DCG to diversify its mining operations and capitalize on emerging opportunities within the digital asset space.
For more details, you can watch the following video:
