Fortitude Mining Holdings names Jaime Leverton CEO ahead of NASDAQ merger

Fortitude Mining Holdings, the Zcash-focused mining operation wholly owned by Digital Currency Group, has announced a definitive all-stock merger agreement with Nasdaq-listed HeartSciences Inc., announced on June 23, 2026. If approved, the combined entity will trade on the Nasdaq Capital Market under the ticker TUDE, with DCG retaining roughly 95% ownership and HeartSciences shareholders holding a minority stake. From Bitcoin to Zcash Fortitude isn’t dabbling in ZEC mining as a side project. It’s the company’s entire thesis. As of May 31, 2026, the operation was producing an annualized output of approximately 157,000 ZEC, supported by a power portfolio exceeding 60 MW spread across seven US sites. A new 12 MW facility in Grand Island, Nebraska, was energized in July 2026, adding fresh capacity to the network. The company also placed a $31.5 million purchase order for 9,000 Bitmain Antminer Z15 Pro miners, a hardware commitment designed to boost its hash rate by roughly 7.56 GSol/s. The numbers behind the Nasdaq play Fortitude’s financials suggest the bet is paying off, at least for now. The company reported Q2 2026 revenue of approximately $20.9 million and adjusted EBITDA of aroun...