DCG Spins Off Fortitude Mining to Expand Crypto Mining Beyond Bitcoin
Fortitude Mining will mine Bitcoin and other proof-of-work tokens, focusing on high-return opportunities in emerging ecosystems.
- Digital Currency Group (DCG) has launched Fortitude Mining, a standalone subsidiary spun off from its Foundry division, to focus on mining Bitcoin and other proof-of-work tokens.
- Fortitude's strategy emphasizes identifying and mining high-growth digital assets with strong return potential, reflecting its 'return maximalist' approach.
- The new mining operation plans to reinvest cash flows into additional mining equipment and facility acquisitions throughout 2025.
- Fortitude is seeking strategic partners, including venture capital firms, to invest in its growth and has reportedly received interest in both equity and debt opportunities.
- This move comes as Bitcoin prices remain significantly above mining costs, offering substantial profit margins, while DCG continues to recover from recent financial and legal challenges.