DCG Spins Off Fortitude Mining from Foundry

Digital Currency Group announced that it is spinning out a new mining subsidiary called Fortitude Mining, according to an announcement on Wednesday. Fortitude Mining will be a wholly-owned unit of DCG focused on achieving strong returns by mining Bitcoin and other high-growth digital assets in emerging ecosystems with attractive return profiles. Andrea Childs, former senior VP of operations and marketing at Foundry, is now the CEO of Fortitude Mining. Barry Silbert, CEO of DCG, stated that spinning off Fortitude Mining will create more growth opportunities, including raising capital and attracting talent.