{"id":79151,"date":"2026-10-06T19:38:09","date_gmt":"2026-10-06T19:38:09","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/fortitude-bets-up-to-100-million-on-bitmain-zcash-mining-hardware\/"},"modified":"2026-10-06T19:38:09","modified_gmt":"2026-10-06T19:38:09","slug":"fortitude-bets-up-to-100-million-on-bitmain-zcash-mining-hardware","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/fortitude-bets-up-to-100-million-on-bitmain-zcash-mining-hardware\/","title":{"rendered":"Fortitude Bets Up to $100 Million on Bitmain Zcash Mining Hardware"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Fortitude signed for up to $100M of Bitmain zcash miners, with shipments targeted for Q2 2027.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The deal signals a major non-bitcoin mining bet and could expand the Zcash network\u2019s proof-of-work infrastructure.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Fortitude\u2019s next step is turning the preliminary Bitmain deal into a funded 2027 ZEC mining expansion.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Fortitude Secures Priority Access to Bitmain\u2019s 2027 Zcash Miners<\/h2>\n<p>Fortitude Mining is preparing to make a much bigger wager on zcash (ZEC).<\/p>\n<p>The Digital Currency Group-backed miner has entered a <a href=\"https:\/\/www.businesswire.com\/news\/home\/20261005712271\/en\/Fortitude-Secures-Priority-Supply-Allocation-for-BITMAINs-Next-Generation-Zcash-Mining-Equipment-Announces-%24100-Million-Non-Binding-Purchase-Commitment-and-Additional-Upsizing-of-DCG-Credit-Facility-and-Available-ZEC-Funding-from-DCG\" target=\"_blank\" rel=\"noopener noreferrer\">letter of intent<\/a> with Bitmain for priority access to its next-generation zcash mining equipment, with an indicative purchase commitment of up to $100 million.<\/p>\n<p>Final pricing and specifications are still pending, meaning the commitment is non-binding until the companies sign a definitive purchase agreement. Shipments are expected to begin in the second quarter of 2027.<\/p>\n<h2>Fortitude Wants to Scale Zcash Mining Aggressively<\/h2>\n<p>Fortitude already operates roughly 4.7 GSol\/s of Equihash hashrate and has more than 60 megawatts of contracted power capacity across seven sites in South Dakota, Nebraska, Texas, and New York.<\/p>\n<p>\u201cFortitude\u2019s vision is to be the largest vertically-integrated zcash mining platform,\u201d CEO Jaime Leverton said. She added that early access to Bitmain\u2019s upcoming hardware could help the company expand with more efficient equipment as it becomes available.<\/p>\n<p>A Bitmain executive called the agreement an important milestone for the <a href=\"https:\/\/news.bitcoin.com\/mining\/zcash-mining-highly-profitable-grayscale-says-rewards-beat-bitcoin-2x\/\">zcash mining ecosystem<\/a>, citing Fortitude\u2019s power, infrastructure, and operating footprint.<\/p>\n<p>For the crypto mining sector, the scale is notable. Most large public miners have <a href=\"https:\/\/www.bitcoin.com\/get-started\/what-is-bitcoin-mining\/?_gl=1*l5ldku*_gcl_au*ODc0NjYyNzQuMTc4NjYyMDA1MA..*_ga*MjE1MTQ4MjQ1LjE3NzA5OTgxMTI.*_ga_ERLPF60ZDD*czE3OTEyOTI4OTUkbzQ4MiRnMSR0MTc5MTI5MzA3OSRqNTgkbDAkaDA.*_ga_LKPRS3F1JD*czE3OTEyOTMwNzckbzE2NiRnMSR0MTc5MTI5MzA4MCRqNTckbDAkaDA.\" target=\"_blank\" rel=\"noopener noreferrer\">concentrated on bitcoin<\/a>, making a potential $100 million hardware commitment centered on zcash an unusually focused bet on a smaller proof-of-work network.<\/p>\n<h2>DCG Raises Credit Facility to $70 Million<\/h2>\n<p>Fortitude is also expanding its financing capacity to support the potential purchase.<\/p>\n<p>DCG increased its credit commitment to Fortitude from $50 million to $70 million, giving the miner roughly $42.7 million of remaining borrowing capacity before an expected near-term draw.<\/p>\n<p>The Bitmain agreement requires a refundable $20 million deposit. Fortitude plans to borrow that amount from DCG, which it expects to receive in ZEC before selling the tokens to fund the payment.<\/p>\n<p>Fortitude recently borrowed another 5,790 ZEC, valued at about $8.4 million, and liquidated the position for approximately $8.3 million. After the planned $20 million draw, total borrowings under the facility would reach about $47.3 million.<\/p>\n<h2>Public Markets Are Part of the Expansion Plan<\/h2>\n<p>The mining buildout comes as Fortitude moves toward a public listing.<\/p>\n<p>The company is pursuing a previously announced business combination with Heartsciences, which trades on Nasdaq under the ticker HSCS.<\/p>\n<p>If completed, the transaction would give Fortitude access to public capital markets as it expands its <a href=\"https:\/\/news.bitcoin.com\/market-updates\/zcash-price-slides-23-as-grayscale-etf-hits-reverse\/\">zcash operations<\/a> and broader mining infrastructure.<\/p>\n<p>The strategy is becoming clear: Fortitude is combining hardware access, power capacity, DCG financing, and an eventual public-market vehicle around a concentrated zcash mining thesis.<\/p>\n<p>For a crypto mining industry dominated by bitcoin, that makes this one of the more unusual infrastructure bets to watch heading into 2027.<\/p>\n<div class=\"not-prose my-3 lg:my-4\">\n<div class=\"overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] hidden md:flex md:flex-row md:gap-3 lg:hidden\"><a aria-hidden=\"true\" tabindex=\"-1\" class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\" href=\"https:\/\/news.bitcoin.com\/zcash-mining-highly-profitable-grayscale-says-rewards-beat-bitcoin-2x\/\"><\/p>\n<div class=\"absolute left-2 top-2\"><img alt=\"Bitcoin.com News\" loading=\"lazy\" width=\"28\" height=\"28\" decoding=\"async\" data-nimg=\"1\" class=\"size-7\" style=\"color:transparent\" srcset=\"\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=32&amp;q=75 1x, \/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75 2x\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75\"\/><\/div>\n<p><\/a><\/div>\n<div class=\"overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] hidden lg:flex lg:flex-row lg:gap-4\"><a aria-hidden=\"true\" tabindex=\"-1\" class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\" href=\"https:\/\/news.bitcoin.com\/zcash-mining-highly-profitable-grayscale-says-rewards-beat-bitcoin-2x\/\"><img alt=\"Zcash Mining Highly Profitable: Grayscale Says Rewards Beat Bitcoin 2x\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"150px\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fzcash-price-chart-150x150.jpg&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fzcash-price-chart-150x150.jpg&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fzcash-price-chart-150x150.jpg&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fzcash-price-chart-150x150.jpg&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fzcash-price-chart-150x150.jpg&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fzcash-price-chart-150x150.jpg&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fzcash-price-chart-150x150.jpg&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fzcash-price-chart-150x150.jpg&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fzcash-price-chart-150x150.jpg&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fzcash-price-chart-150x150.jpg&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fzcash-price-chart-150x150.jpg&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fzcash-price-chart-150x150.jpg&amp;w=1920&amp;q=75\"\/><\/p>\n<div class=\"absolute left-2 top-2\"><img alt=\"Bitcoin.com News\" loading=\"lazy\" width=\"28\" height=\"28\" decoding=\"async\" data-nimg=\"1\" class=\"size-7\" style=\"color:transparent\" srcset=\"\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=32&amp;q=75 1x, \/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75 2x\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75\"\/><\/div>\n<p><\/a><\/p>\n<div class=\"flex min-w-0 flex-1 flex-col justify-center gap-2\">\n<p class=\"m-0 line-clamp-2 text-base leading-[1.3] !text-[#67656E]\">Zcash mining rewards are roughly twice Bitcoin&#8217;s per machine and four times higher per unit of electricity, Grayscale estimates. Strong\u2026<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/mining\/fortitude-bets-100-million-bitmain-zcash-mining-hardware\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Fortitude signed for up to $100M of Bitmain zcash miners, with shipments targeted for Q2 2027. The deal signals a major non-bitcoin mining bet and could expand the Zcash network\u2019s proof-of-work infrastructure. Fortitude\u2019s next step is turning the preliminary Bitmain deal into a funded 2027 ZEC [&hellip;]<\/p>\n","protected":false},"author":3947362377,"featured_media":79152,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/79151"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362377"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=79151"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/79151\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/79152"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=79151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=79151"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=79151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}