The venture capital firm Digital Currency Group (DCG) has officially launched Fortitude, a branch for Bitcoin mining and other digital assets, to expand revenue amidst high profits from Bitcoin mining.

Fortitude – Not Only Mining Bitcoin But Also Aiming for Maximum Profit

#Fortitude not only focuses on Bitcoin but also applies a 'venture mining' model, which seeks digital currencies using the Proof-of-Work (PoW) algorithm with strong growth potential and high profitability.

📌 CEO of Fortitude – Andrea Childs stated:
✅ "We are not Bitcoin maximalists, but we maximize profits."
✅ The company will focus on PoW assets with the highest mining profitability.

However, Fortitude has not disclosed specifically which tokens will be mined besides Bitcoin.

Development Strategy: Invest in Infrastructure and Scale Expansion

🔹 Fortitude will leverage existing infrastructure and capital to expand its mining operations.
🔹 Profits from mining will be reinvested in acquiring more mining machines and expanding locations this year.

Fortitude is essentially a subsidiary of #DCG , spun off from the mining division of Foundry, a digital asset infrastructure company established in 2019.

Bitcoin Mining Profits Are at Record Highs

Currently, the price of Bitcoin fluctuates around 104,000 USD, significantly higher than the average mining cost of 26,000 – 28,000 USD/BTC.

⏩ This means that the profit margin for miners is very attractive – a significant advantage for Fortitude.

In addition to expanding the mining sector, DCG is also facing financial and legal challenges:
🔸 Earlier this month, DCG reached an agreement with the SEC, agreeing to pay 38 million USD to settle a lawsuit.
🔸 The subsidiary#Genesis also accepted to compensate 2 billion USD to the New York Attorney General last year.

In summary:

With the rising price of Bitcoin and an expansion mining policy, Fortitude could become an important revenue source to help DCG overcome difficulties. This event also reflects the trend of large companies returning to the Bitcoin mining race as profits become increasingly attractive! 🚀