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Fortitude Mining Holdings has signed a letter of intent with BITMAIN Technologies for priority access to the manufacturer's next-generation Zcash (ZEC) mining equipment. The equipment has not yet been commercially released.
Fortitude Mining has entered a letter of intent with Bitmain for a priority supply allocation of next-generation Zcash mining equipment, with a non-binding commitment to purchase up to $100 million. The company also upsized its credit facility with DCG to $70 million to support the investment.
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, whi