Bitcoin miner Foundry lays off 27% of staff amid planned restructuring
Editor
2024-12-04 06:32 7,178
Share to:
Golden Finance reported that Bitcoin miner Foundry has laid off 27% of its employees during the planned restructuring. People familiar with the matter said that the layoffs include 16% of Foundry’s US employees and some employees of the Indian team.
Foundry’s parent company, DCG, revealed plans to spin off Foundry’s self-mining business into an independent entity that would remain controlled by DCG. Foundry operates Foundry USA, the world's largest Bitcoin mining pool, and controls about one-third of the market share among mining pool operators, according to Hashrate Index.