{"id":19177,"date":"2024-12-04T13:04:55","date_gmt":"2024-12-04T11:04:55","guid":{"rendered":"https:\/\/forklog.com\/en\/foundry-mining-pool-reduces-workforce-by-27\/"},"modified":"2024-12-04T13:04:55","modified_gmt":"2024-12-04T11:04:55","slug":"foundry-mining-pool-reduces-workforce-by-27","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/foundry-mining-pool-reduces-workforce-by-27\/","title":{"rendered":"Foundry Mining Pool Reduces Workforce by 27%"},"content":{"rendered":"<p>Foundry, the largest mining pool in the United States, has reduced its workforce by 27%, from 274 to 200 employees, according to <a href=\"https:\/\/blockspace.media\/insight\/bitcoin-mining-pool-foundry-lays-off-60-of-workforce\/\">Blockspace<\/a>.<\/p>\n<p>Sources indicate that the company has begun restructuring its business, transferring around 20 employees to a new subsidiary under Barry Silbert&#8217;s Digital Currency Group (DCG) \u2014 an AI startup named Yuma, built on Foundry&#8217;s Bittensor. Silbert is serving as the acting CEO of Yuma.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWe recently made a strategic decision to focus on our core business \u2014 managing the world&#8217;s number one bitcoin mining pool and expanding site operations, while supporting the development of DCG&#8217;s newest subsidiaries,\u201d Foundry stated.<\/p>\n<\/blockquote>\n<p>In comments to the media, the mining pool added that it has deprioritized its ASIC miner production line, although it has not affected its equipment repair line.  <\/p>\n<p>At the time of writing, Foundry&#8217;s mining power accounts for <a href=\"https:\/\/mempool.space\/mining\">over 32%<\/a> of the total bitcoin network hashrate. <\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXd9rOvTJYUXwosowGedCTCxuHdMVSAbqjV09WuL2ySWkouHyp0LNIYZwlSvA1z-ztxnbB5F6tMrYgfDqraEZUU_zR4pa-xNzqkxkiwORJ8N921FLfVmWuN6GYFhgl_kdSWKEB_e?key=lyvI9Hs8NPxYrCZSLKUzggm8\" alt=\"Foundry Mining Pool Reduces Workforce by 27%\"\/><figcaption class=\"wp-element-caption\">Pool rankings. Data: Mempool.space.<\/figcaption><\/figure>\n<p>Back in November, Axie Infinity&#8217;s developer reduced its workforce to create a new game.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Foundry, the largest mining pool in the United States, has reduced its workforce by 27%, from 274 to 200 employees, according to Blockspace. Sources indicate that the company has begun restructuring its business, transferring around 20 employees to a new subsidiary under Barry Silbert&#8217;s Digital Currency Group (DCG) \u2014 an AI startup named Yuma, built [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":19176,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137,1506,1276,26],"class_list":["post-19177","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-foundry","tag-layoffs","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"28","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19177","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=19177"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19177\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/19176"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=19177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=19177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=19177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}