Fortitude Mining Secures Zcash Mining Equipment Supply, $100M Purchase Commitment
Fortitude Mining, LLC has entered into a letter of intent with BITMAIN Technologies Delaware Limited for a priority supply allocation of next-generation Zcash mining equipment. Fortitude also announced a $100 million non-binding purchase commitment for this equipment and an upsizing of its credit facility with DCG, which includes available ZEC funding.
Fortitude Mining Holdings, Inc. said its subsidiary, Fortitude Mining, LLC, has entered into a letter of intent with BITMAIN Technologies Delaware Limited for mining equipment supply tied to the company’s Zcash-focused platform. The company said the LOI includes a $100M purchase commitment.