Big Move in PoW Mining: DCG Upsizes Fortitude's Credit Facility to $50M!
Zcash miner Fortitude Mining has officially expanded its credit facility with parent firm Digital Currency Group (DCG) from $26M to $50 million, adding an immediate $24M commitment.
Key Highlights:
$31M Drawdown Ready: Including leftover capacity, Fortitude can tap ~$31M, set to be disbursed directly in $ZEC.
Fleet & Capacity Upgrade: Capital is earmarked for purchasing 9,000 Zcash ASIC miners (Bitmain Antminer Z15 Pro) and funding massive power/data center infrastructure.
Institutional PoW Momentum: With a planned Nasdaq listing on the horizon, institutional backing for dedicated privacy/PoW compute continues to accelerate.
#FortitudeRaisesCreditLineTo$50M #CryptoMining #BinanceSquare #DCG
Zcash miner Fortitude Mining has officially expanded its credit facility with parent firm Digital Currency Group (DCG) from $26M to $50 million, adding an immediate $24M commitment.
Key Highlights:
$31M Drawdown Ready: Including leftover capacity, Fortitude can tap ~$31M, set to be disbursed directly in $ZEC.
Fleet & Capacity Upgrade: Capital is earmarked for purchasing 9,000 Zcash ASIC miners (Bitmain Antminer Z15 Pro) and funding massive power/data center infrastructure.
Institutional PoW Momentum: With a planned Nasdaq listing on the horizon, institutional backing for dedicated privacy/PoW compute continues to accelerate.
#FortitudeRaisesCreditLineTo$50M #CryptoMining #BinanceSquare #DCG