Venture capital firm DCG launches Bitcoin mining unit as profits surge

Digital Currency Group (DCG) has launched Fortitude, a new mining subsidiary, as it looks to expand its revenue streams amid Bitcoin’s strong performance.

Announced Wednesday, Fortitude will mine Bitcoin while also pursuing a “venture mining” strategy, targeting high-growth proof-of-work assets with strong return potential.

“We’re not Bitcoin maximalists… but we’re return maximalists,” said Fortitude CEO Andrea Childs. 

“We look across the entire proof-of-work ecosystem to identify where we’re going to get the highest return from our mining investment, and that’s where we focus.”

Childs did not disclose which tokens Fortitude will mine beyond Bitcoin but said the company is exploring multiple proof-of-work assets. The operation will leverage existing infrastructure and funding but plans to reinvest cash flows into additional mining machines and site acquisitions later this year.

Fortitude is a wholly owned DCG subsidiary, spun out of Foundry’s self-mining division. Foundry, a digital asset infrastructure firm, was launched by DCG in 2019.

Bitcoin mining has become highly profitable in 2025, with the cryptocurrency trading near US$100,000—far above the estimated $26,000-$28,000 mining cost per Bitcoin, according to Canaccord Genuity research cited by CoinDesk. At its current price of US$104,000, per CoinGecko data, mining operations are seeing significant margins.

For DCG, these profits could offer much-needed financial relief. The firm has faced multiple legal challenges in recent years, including a US$38 million settlement with the Securities and Exchange Commission (SEC) earlier this month. Meanwhile, its subsidiary Genesis reached a US$2 billion settlement with the New York Attorney General last year.

A DCG representative dismissed the SEC’s charges earlier this month, stating that the settlement allows the company to “focus on our growth initiatives and continue to embrace the positive momentum in the industry.”

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