Fortitude signs non-binding deal for up to $100 million of Bitmain Zcash mining hardware
Image: Bitcoin.com NewsFortitude Mining Holdings signed a non-binding letter of intent with Bitmain for priority access to Zcash mining hardware, with a commitment of up to $100 million. The agreement requires a refundable $20 million deposit, equal to 20% of the commitment. Shipments are expected to start in Q2 2027. Fortitude operates roughly 4.7 GSol/s of Equihash hashrate and controls over 60 megawatts of contracted power across seven U.S. sites. Digital Currency Group raised Fortitude's credit facility to $70 million from $50 million, and the company is moving toward a public listing.
Key points
- Fortitude signed a non-binding letter of intent with Bitmain for up to $100 million of Zcash mining hardware
- Fortitude operates roughly 4.7 GSol/s of Equihash hashrate and controls over 60 megawatts of contracted power across seven U.S. sites
- Digital Currency Group raised its credit facility for Fortitude to $70 million from $50 million
Why it matters
The deal is one of the largest focused bets on Zcash mining in an industry dominated by Bitcoin mining operations. Fortitude's planned public listing would give it access to public capital markets for its Zcash expansion.
What's unclear
The reports do not specify a firm timeline for Fortitude's planned public listing
The reports do not clarify whether the $100 million indicative commitment is additive to Fortitude's prior $31.5 million July Zcash hardware purchase
Price context · ZEC
At publication
$1,357.53
Now
$1,347.25
Change since
−0.76%
7 days · dashed line = publication
Sources · 2 publishers
Bitcoin.com News
Tier 2
Fortitude Bets Up to $100 Million on Bitmain Zcash Mining Hardware
Coverage timeline
- First reported by Blockonomi
- Confirmed by Bitcoin.com News
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
