Fortitude Mining seeks up to $100 million in next-generation Zcash miners from Bitmain

Fortitude Mining, a Zcash mining company, said it has signed a non-binding letter of intent with Bitmain that gives it priority allocation for Bitmain’s next-generation Zcash mining machines. The planned purchase could reach as much as $100 million, according to the announcement carried by Techub News. The company said deliveries of the machines are expected to begin in the second quarter of 2027. The final size of the order has not been fixed and will depend on product specifications, pricing, and the execution of definitive purchase agreements. At the same time, Fortitude’s parent company, Digital Currency Group (DCG), increased the miner’s credit facility from $50 million to $70 million. Fortitude said it plans to draw $20 million this week, with the funding to be received in ZEC and used to pay a refundable deposit tied to the prospective equipment purchase. The item was attributed to Wu Blockchain in Techub’s report.