Bitcoin mining pool Foundry Digital has reportedly laid off 27% of its workforce, affecting 74 employees. The decision to cut jobs is part of a strategic shift to prioritize core operations, including its Bitcoin mining pool and site operations. This follows an internal restructuring within parent company Digital Currency Group (DCG).
CEO Mike Coyler stated that the firm is focusing on its core business lines to strengthen its market position. As part of this shift, the platform has deprioritized its custom hardware initiatives while maintaining its ASIC repair services.
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