Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Mining Pool
Foundry Reportedly Reduces
Workforce by 60%
Foundry, a major mining pool and a subsidiary of DCG, laid off 60% of its
staff. These layoffs targeted the company s non-core functions,
including its entire hardware team and a possible future sale of mining site
operations.
However, DCG founder Barry Silbert is also launching new projects, with the
Yuma AI Ecosystem Accelerator debuting last week.
Massive Layoffs at Foundry
Foundry, the world s largest Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin mining pool , is laying off 60% of
its staff. This news comes from anonymous company sources that spoke with
Blockspace. The company, however, did share a statement on the subject:
Sponsored
Sponsored
We recently made the strategic decision to focus Foundry on our core
business• Экономика » Бизнес while supporting the development of DCG’s newest subsidiaries. As
part of this realignment, we made the difficult decision to reduce Foundry’s
workforce, resulting in layoffs across multiple teams, Foundry claimed.
This mention of Digital Currency Group s (DCG s) other
subsidiaries is particularly noteworthy. Foundry is just one of several DCG
operations under founder Barry Silbert , and not all of them are experiencing
similar turmoil. Silbert recently announced the launch of Yuma, an ecosystem
accelerator for AI development .
In other words, DCG s troubles are not evenly distributed across its
various subsidiaries. A little over a year ago, the bankrupt crypto lender
Gensis sued DCG, its own parent company , over unpaid loans. At this time, DCG
also sold CoinDesk , a prominent crypto media publication. Now, it seems that
Foundry is due for similar troubles.
Earlier in August, Foundry cemented its place as one of the world s
largest Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin miners; it and AntPool controlled more than half the global
hash• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Программирование » Алгоритм » Хеш-функции » Хеширование
• Информационные технологии » Информатика » Программирование » Алгоритм » Хеш-функции » Хеширование
• Высокие технологии » Информационные технологии и телекоммуникации » Программирование » Алгоритм » Хеш-функции » Хеширование rate. Nonetheless, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin mining difficulty has been very high this
year, especially in the halving s wake. Mining companies everywhere are
experiencing diminishing returns. Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Mining Hashrate 2024. Source:
Blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн.com
These layoffs have primarily targeted Foundry s non-core employees. Of
an initial crew of 250, 20 staff members were reassigned to Yuma, and between
160-170 were laid off.
These include the entire ASIC repair and hardware teams, leaving mining pool
operations intact. Foundry is also considering selling its site operations
team, managing Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin mining locations.
It s difficult to determine Foundry s overall health, considering
the company s secrecy on these layoffs. For example, DCG s Q3 2024
shareholder letter claimed that Foundry was on pace to earn $80 million in
revenue, yet these layoffs still took place. Moving forward, the world s
largest Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin mining pool could go in several directions.
ðTop crypto platforms | December 2024
ChainGPT Explore
BYDFi No KYC
Margex Explore
BingX Explore
Сoinex Explore
ðTop crypto platforms | December 2024
ChainGPT Explore
BYDFi No KYC
Margex Explore
BingX Explore
Сoinex Explore
ðTop crypto platforms | December 2024
ChainGPT
BYDFi
Margex
BingX
Сoinex
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to
unbiased, transparent reporting. This news article aims to provide accurate,
timely information. However, readers are advised to verify facts independently
and consult with a professional before making any decisions based on this
content. Please note that our Terms and Conditions , Privacy Policy , and
Disclaimers have been updated.