DCG Establishes New Crypto Mining Subsidiary

BlockBeats News, January 30, Grayscale's parent company Digital Currency Group (DCG) announced the establishment of a new cryptocurrency mining subsidiary, indicating its intention to provide institutional investors with a diversified mining cryptocurrency asset exposure.

Fortitude Mining has been established as DCG's standalone mining business. Previously, the mining operation was part of the decentralized mining and staking services of Foundry.

Fortitude Mining's website lists Andrea Childs as the CEO. Childs joined Foundry in 2020 and subsequently took charge of the new DCG subsidiary. (Cointelegraph)