Foundry CEO Mike Colyer steps down after seven years at the helm
- —Colyer led Foundry since October 2019 and will stay on as a strategic advisor
- —No successor has been named and transition details remain undisclosed
- —Foundry cut about 60% of its staff to refocus on mining operations
- —Foundry operates the largest Bitcoin mining pool globally
Why it matters: A leadership change at the largest mining pool, combined with deep layoffs, could affect hash rate distribution and industry stability.
Source: Crypto Briefing