Fortitude’s $100M Commitment to Bitmain Zcash Mining Hardware
- Fortitude has signed a letter of intent with Bitmain for up to $100 million in next-generation Zcash mining equipment, with shipments expected in Q2 of 2027.
- The deal marks a significant move away from Bitcoin mining, focusing instead on expanding the Zcash network’s proof-of-work infrastructure.
- Fortitude currently operates approximately 4.7 GSol/s of Equihash hashrate and maintains over 60 megawatts of contracted power capacity across four U.S. states.
- Digital Currency Group (DCG) increased its credit commitment to Fortitude from $50 million to $70 million, supporting this expansion effort.
- A refundable $20 million deposit is required for the Bitmain agreement, which Fortitude plans to fund by borrowing from DCG.
Fortitude Mining is making a strategic shift towards Zcash mining by securing priority access to Bitmain’s upcoming hardware, aiming to become the largest vertically-integrated Zcash mining platform. This move is supported by increased financing from DCG and positions Fortitude uniquely within an industry largely focused on Bitcoin mining.
With a potential investment of up to $100 million in new hardware and financial backing from DCG, Fortitude is poised for significant growth in the Zcash mining sector by Q2 of2027 .(Source )
