Digital Currency Group spins out new crypto mining subsidiary
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https://cointelegraph.com/news/digital-currency-group-spins-out-mining-subsidiary
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Digital Currency Group launches Fortitude Mining
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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
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The Bitcoin mining industry has faced renewed challenges following the network’s fourth halving event in April 2024. Galaxy Digital calculated $460 million in reverse mergers and acquisitions in the first six months of 2024, forecasting further industry consolidation in the year ahead as the economics of mining continues to squeeze smaller players
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