Grayscale’s Parent Company DCG Launches Fortitude Mining to Enhance Institutional Cryptocurrency Investment
On January 30, COINOTAG News reported that Grayscale’s parent organization, Digital Currency Group (DCG), has launched a new subsidiary specifically focused on cryptocurrency mining. This strategic move underscores DCG’s aim to enhance its offerings to institutional investors by diversifying their exposure to mining-related assets. The newly formed entity, Fortitude Mining, will operate independently, departing from its previous affiliation with Foundry’s decentralized mining and staking services.
At the helm of Fortitude Mining is Andrea Childs, who brings valuable experience to the role after joining Foundry in 2020. Her leadership will be pivotal as DCG seeks to reinforce its position in the competitive crypto market. By establishing this standalone mining operation, DCG is not only responding to the growing interest in digital assets but also positioning itself to capitalize on the evolving landscape of cryptocurrency investments.