Fortitude Secures Priority Supply Allocation for BITMAIN’s Next-Generation Zcash Mining Equipment, Announces $100 Million Non-Binding Purchase Commitment, and Additional Upsizing of DCG Credit Facility and Available ZEC Funding from DCG
Key Highlights
- ➤Fortitude signs non-binding LOI for up to $100 million of next-generation BITMAIN Zcash equipment
- ➤BITMAIN equipment shipments expected to begin in the second quarter of 2027
- ➤DCG credit facility commitment increased from $50 million to $70 million
- ➤Fortitude plans a $20 million ZEC-funded draw this week for the refundable deposit
- ➤Fortitude operates approximately 4.7 GSol/s across more than 60 MW of contracted power
Expert Statements
Jaime Leverton, CEO of Fortitude
“Fortitude’s vision is to be the largest vertically-integrated Zcash mining platform”
Jaime Leverton, CEO of Fortitude
“Securing a priority supply allocation for BITMAIN’s next-generation equipment, alongside our existing operating base and previously announced Z15 Pro order, positions Fortitude to expand its fleet with industry-leading hardware as it becomes available.”
Jaime Leverton, CEO of Fortitude
“We believe there is a significant opportunity to invest in Zcash mining infrastructure today, and Fortitude is well positioned to lead that buildout.”
Unnamed BITMAIN executive, Executive at BITMAIN
“Fortitude is one of the first Zcash mining companies to publicly announce an LOI for our next-generation Zcash mining equipment at this scale, making this an important milestone for both companies and for the Zcash mining ecosystem”
Unnamed BITMAIN executive, Executive at BITMAIN
“This relationship brings together BITMAIN's leadership in mining technology and engineering with Fortitude’s vertically integrated power, infrastructure and operating capabilities.”
Unnamed BITMAIN executive, Executive at BITMAIN
“We see a strong opportunity to build a long-term relationship with Fortitude as the Zcash mining ecosystem continues to scale.”
Fortitude Secures Priority Supply Allocation for BITMAIN’s Next-Generation Zcash Mining Equipment, Announces $100 Million Non-Binding Purchase Commitment, and Additional Upsizing of DCG Credit Facility and Available ZEC Funding from DCG
Fortitude becomes the first Zcash mining company to announce a commitment to BITMAIN’s next-generation Zcash mining equipment, securing a priority supply allocation as the Company continues to scale its vertically-integrated mining platform
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