DCG Launches Fortitude: Bitcoin Mining Amid Profit Surge

Venture Capital Firm DCG Launches Mining Operation Amid Bitcoin Profit Surge

Digital Currency Group (DCG) has launched Fortitude, a new venture mining business, as the digital asset firm explores new ways to bolster its revenue. The operation, launched on Wednesday, will mine Bitcoin in addition to pursuing a "venture mining" business model.

Under the venture mining strategy, Fortitude will identify and mine "high-growth digital assets in emerging proof-of-work ecosystems with attractive return profiles," according to Fortitude Mining CEO Andrea Childs. Childs emphasized that the company is not Bitcoin maximalists but return maximalists, focusing on maximizing investment returns across the entire proof-of-work ecosystem.

Fortitude will utilize its existing infrastructure and funds to scale its operations, with plans to reinvest its cash flows into new machine purchases and site acquisitions later this year. The mining operation is a wholly-owned DCG subsidiary spun out of the self-mining division of Foundry, a digital asset infrastructure firm founded in 2019.

Bitcoin mining operations are offering large profits in 2025 as the token's price hovers around the $100,000 mark, substantially higher than the average cost of mining per Bitcoin. The average cost of mining is roughly in the $26,000-$28,000 range per Bitcoin for most operators, according to a research report published last week by financial firm Canaccord Genuity. Meanwhile, Bitcoin is trading at $104,000, CoinGecko data shows.

Potential profits from Bitcoin and venture mining operations could be a boon to Fortitude's parent company, DCG, which is navigating financial headwinds stemming from various lawsuits brought against it and its subsidiaries in recent years. Earlier this month, DCG settled a legal case brought against it by the Securities and Exchange Commission for $38 million. Meanwhile, its subsidiary Genesis reached a $2 billion settlement with the New York Attorney General last year.

DCG's New Venture: Fortitude Mining

DCG has officially launched Fortitude Mining, a venture positioned not only to mine Bitcoin but also to explore a broader ecosystem of high-growth digital assets. This strategic move underscores DCG's efforts to bolster revenue, particularly during a time when the firm faces several financial challenges and legal battles