DCG splits off to form mining subsidiary Fortitude Mining

Odaily News DCG has spun off a new cryptocurrency mining subsidiary, Fortitude Mining, to provide institutions with diversified mining assets. Previously, the business belonged to Foundry, and the spin-off may be part of its restructuring plan.
It is reported that after the fourth halving of Bitcoin in April 2024, the industry is facing challenges, a wave of mergers and acquisitions has emerged, and listed companies have also diversified their businesses. Some miners have chosen to hoard Bitcoin, and 4 of the 16 largest Bitcoin holders are miners. (Cointelegraph)