DCG splits to establish mining subsidiary Fortitude Mining

ChainCatcher news, DCG has spun off a new cryptocurrency mining subsidiary, Fortitude Mining, aimed at providing diversified mining assets for institutions. Previously, this business belonged to Foundry, and this spin-off may be part of its restructuring plan.

It is reported that after the fourth Bitcoin halving in April 2024, the industry will face challenges, leading to a wave of mergers and acquisitions, while listed companies diversify their businesses. Some miners choose to hoard Bitcoin, with 4 out of the 16 largest Bitcoin holders being miners.