DCG-Backed Bitcoin Miner Foundry Cuts 60% of Workforce: Report

Quick Summary:

According to a Blockspace report citing anonymous sources, the firm’s layoff exercise spanned staff in the United States and international offices.

Bitcoin mining firm Foundry has implemented a job cut that impacted as many as 60% of its workforce.

Per an earlier report by Coingape, Kraken took its restructuring to a new level by shutting down its NFT marketplace.

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Article Details

Author / Journalist: Godfrey Benjamin

Category: Crypto

Markets: IndiaUnited States

Topics: 24/7 Cryptocurrency News Digital Currency Group

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-03 @ 20:43:16 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 378 words

Reading Time: 3 minutes read

Sentences: 33 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 24101415

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 27 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 11 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

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