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, the Zcash mining platform set to merge into HeartSciences (HSCS), signed an LOI with BITMAIN securing priority supply allocation for next-generation Zcash mining equipment via a non-binding commitment of up to $100 million. To fund the required $20 million refundable deposit, DCG upsized Fortitude's credit facility from $50 million to $70 million; Fortitude plans to draw the deposit this week in ZEC and liquidate it through market sales. Fortitude currently operates ~4.7 GSol/s of Equihash hashrate with 60 MW of contracted power across seven sites, on top of a prior 9,000-unit ANTMINER Z15 Pro order.
Key figures
- Deal Value Usd
- 100000000
- Hashrate
- 4.7 GSol/s Equihash
- Borrowed to date
- $47.3 million
- Contracted power
- 60 MW across 7 sites
- Prior miner order
- 9,000 ANTMINER Z15 Pro units
- Equipment shipping
- Q2 2027
- Last week zec draw
- 5,790.4798 ZEC liquidated for ~$8.3 million (drawn $8.4 million)
- Refundable deposit
- $20 million (20% of commitment, funded in ZEC)
- Purchase commitment usd
- $100 million (non-binding LOI)
- Remaining borrowing capacity
- $42.7 million (pre-draw), $22.7 million post-draw
- Dcg credit facility commitment
- $70 million (upsized from $50 million)
AI analysis
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