Digital Currency Group's Fortitude Mining Acquires 12.5 MW Nebraska Facility for Zcash Operations

Digital Currency Group's Zcash mining subsidiary, Fortitude Mining Holdings, has completed the acquisition of a 12.5 MW facility in Prosser, Nebraska, for a net cash outlay of $4.7 million. The deal expands Fortitude's power portfolio to over 60 MW across seven US sites. Operating with low power costs of $0.045 per kWh, the facility is expected to reduce Zcash mining costs to $40 per ZEC. This expansion comes as Fortitude prepares to go public on the Nasdaq through a merger with HeartSciences.

Prosser facility acquisition

• ▪The Prosser facility acquisition includes ownership of the land, building, an on-site 67 kV substation, and a 90-day construction warranty.
• ▪The Prosser facility acquisition had a purchase price of $6.25 million, which was reduced to a net cash outlay of approximately $4.7 million after applying a $985,000 hosting deposit credit and a $465,500 credit from selling about 1,400 T21 miners.
• ▪Fortitude Mining Holdings completed the acquisition of a 12.5-megawatt digital infrastructure facility in Prosser, Nebraska, on August 4, 2026.

Nebraska power portfolio expansion

• ▪The Prosser facility is Fortitude Mining Holdings' third site in Nebraska, joining existing locations in Grand Island and Aurora.
• ▪The Prosser acquisition expands Fortitude Mining Holdings' owned power portfolio to more than 60 megawatts across seven sites in South Dakota, Nebraska, Texas, and New York.

HeartSciences merger plans

• ▪The proposed business combination between Fortitude Mining Holdings and HeartSciences Inc. is subject to closing conditions, including obtaining the approval of HeartSciences shareholders.
• ▪Fortitude Mining Holdings is pursuing a public listing on the Nasdaq under the ticker TUDE through a proposed merger with healthcare company HeartSciences Inc.

Zcash mining operations

• ▪Fortitude Mining Holdings announced a definitive agreement in July 2026 to acquire 9,000 Bitmain Antminer Z15 Pro units for approximately $31.5 million to increase its Zcash mining capacity by 145%.
• ▪The Prosser facility has an estimated power cost of approximately $0.045 per kilowatt-hour, which Fortitude Mining Holdings expects will lower its Zcash mining cost to about $40 per ZEC.

Vertical integration strategy

• ▪Fortitude Mining Holdings is building a vertically integrated platform that pairs targeted acquisitions with internal greenfield development to maximize the value of its megawatt holdings.
• ▪Fortitude Mining Holdings' strategy focuses on owning and operating the physical assets behind its mining operations rather than relying on third-party hosting.