Fortitude Appoints Jaime Leverton as CEO Amid Zcash Growth
- Jaime Leverton, former CEO of bitcoin miner Hut 8, has been appointed CEO of Fortitude.
- Fortitude has mined a total of 72,696 ZEC in the first half of the year, representing about 28% of the network’s total production.
- The company’s second-quarter revenue reached $20.9 million.
- Fortitude operates over 60 megawatts of power capacity across seven sites in multiple states including South Dakota and Texas.
- Zcash’s market capitalization is approximately $21 billion, with its ZEC token increasing by more than 2,000% over the past year.
Leverton’s leadership comes as Fortitude expands its focus on Zcash mining, positioning itself as a “venture mining” platform that allocates capital across proof-of-work networks while emphasizing Zcash operations.
With second-quarter revenues at $20.9 million and significant contributions to Zcash’s production, Fortitude is poised for growth under Leverton’s guidance as it navigates the evolving landscape of cryptocurrency mining.(Source)
