Digital Currency Group (DCG) is turning the self -minization unit of its foundry subsidiary in a separate business called Fortitude Mining that will extract cryptography in a range of digital assets, the company said Wednesday.
What makes strength mining different is that not only will Bitcoin (BTC), but also other work test protocols, with an approach to high performance tokens.
Andrea Childs, previously employed as a senior vice president of Foundry operations and marketing, has been named CEO of Atitude Mining. Mike Colyer remains the Foundry CEO, which provides digital asset infrastructure to the cryptographic ecosystem.
“Rotating Fortaleza mining offers greater growth opportunities to climb the business even more, including capital collection, making additional investments and attracting first level talent,” said Barry Silbert, founder and CEO of DCG, in a statement.
DCG is looking for strategic partners such as risk capital companies, to invest in strength, said Childs in an interview with Coindesk, and has received potential interest in the heritage and debt of the mining firm.
FORTIVITY PLANSING REINVENT CASH FLOWS IN NEW HARDWARE AND ACQUISITIONS OF SITES IN 2025. His current mining fleet is highly efficient, Childs said.
