Foundry, largest Bitcoin mining pool with 30% hashrate, lays off 60% of staff, reducing from 250 to 80-90 employees

Foundry, the world's largest Bitcoin mining pool and a subsidiary of Digital Currency Group, has announced a significant reduction in its workforce, laying off approximately 60% of its staff. This decision affects multiple teams, particularly those involved in ASIC repair and hardware. The workforce has been reduced from around 250 employees to approximately 80 to 90. Despite the layoffs, Foundry's self-mining operations are projected to generate $80 million in revenue this year. The company is reportedly streamlining its operations in preparation for future initiatives backed by Digital Currency Group.

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