DCG’s Fortitude Launches Venture Mining Operation Amid Rising Bitcoin Profits
- Fortitude, a DCG subsidiary, launched a venture mining business to mine Bitcoin and other digital assets.
- The average cost of mining Bitcoin is approximately $26,000-$28,000 per Bitcoin.
- Bitcoin’s current trading price is around $104,000.
- DCG recently settled a $38 million lawsuit with the SEC.
- Genesis, another DCG subsidiary, reached a $2 billion settlement with the New York Attorney General last year.
Fortitude aims to leverage existing infrastructure for mining operations while reinvesting in new equipment. The launch comes as Bitcoin trades at significantly higher prices than its average mining costs, potentially boosting DCG’s financial standing amid recent legal settlements.
Source (2.6)https://decrypt.co/303488/venture-capital-firm-dcg-launches-mining-operation-as-bitcoin-profits-surge?rand=52368
