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Promote with Leviathan NewsDigital Currency Group (DCG) has launched Fortitude Mining, a new wholly owned, self-mining subsidiary spun out from the self-mining division of its infrastructure arm Foundry. Fortitude applies a “venture mining” model, using DCG’s existing mining expertise to mine Bitcoin and a broader set of high‑growth Proof‑of‑Work digital assets in emerging ecosystems, aiming for higher-return opportunities than traditional, Bitcoin‑only mining. The spinoff formalizes a business that has operated for about five years inside Foundry as its own self‑mining unit, now repositioned with greater strategic and capital-raising flexibility. According to DCG’s announcement and subsequent coverage, Fortitude Mining is structured to focus on early-stage or fast‑growing Proof‑of‑Work networks, diversifying DCG’s mining exposure beyond Bitcoin while still maintaining a significant BTC mining focus. The company describes itself as an institutional venture mining platform that deploys digital asset infrastructure in “high-conviction” opportunities, with a particular emphasis on assets such as Zcash, where it positions itself as a leading ecosystem miner and owner-operator of data centers. DCG founder and CEO Barry Silbert framed the spinout as a way for Fortitude to pursue independent growth opportunities, including raising external capital, making targeted investments, and expanding its own operations, while Foundry continues to run one of the world’s largest Bitcoin mining pools and other infrastructure services. This move matters for several reasons. It underscores DCG’s strategy to diversify mining revenues in a post‑halving environment where margins for pure-play Bitcoin miners are tightening, by targeting Proof‑of‑Work networks with potentially more favorable economics and growth profiles. It also illustrates a broader industry shift toward institutional, vertically integrated mining businesses that combine ownership of hardware, data centers, and early-stage token exposure, rather than offering only hosting or pool services. For Foundry and DCG’s broader portfolio, the separation clarifies roles: Foundry remains focused on infrastructure and services, while Fortitude takes on higher-risk, higher-return self‑mining and asset selection, potentially giving DCG asymmetric upside if selected ecosystems appreciate.
AI-generated background, compiled from web sources — not editorial content.
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