Digital Currency Group (DCG) is spinning off the self-mining unit of its Foundry subsidiary into a separate business called Fortitude Mining that will mine crypto across a range of digital assets, the company said Wednesday.

The new Fortitude venture will “look across the entire proof-of-work ecosystem to say what’s going to give us the largest return.”

Digital Currency Group, a crypto conglomerate that ran into trouble during the 2022 crypto-market meltdown, has launched a new business focused on mining cryptocurrencies. Dubbed Fortitude Mining, the

Capital markets company Digital Currency Group (DCG) has spun out a new cryptocurrency mining subsidiary, signaling its intent to provide institutional exposure to a diversified pool of mined crypto assets.

Digital Currency Group (DCG) has announced the creation of Fortitude Mining, a new subsidiary focused on cryptocurrency mining. This move signals DCG’s intention to provide institutional investors with exposure to a diversified portfolio of mined crypto assets.