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FortitudeRaisesCreditLineTo$50M
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#FortitudeRaisesCreditLineTo$50M Fortitude's $50M credit line has a more interesting detail than the headline. The Zcash mining company increased its DCG credit facility from $26M to $50M, with roughly $31M of borrowing capacity remaining. But here's what caught my attention: Fortitude expects that remaining capacity to be funded in $ZEC rather than cash. The company says it plans to sell the ZEC through market transactions and use the proceeds for mining machines, facility acquisitions, construction and power infrastructure. So the story isn't simply “Fortitude gets $50M.” It's a financing loop: DCG → ZEC → market sale → mining infrastructure. For traders, that's the part I'd watch as the planned draws happen. Does this structure change how you view Fortitude's expansion? $ZEC #zcash #CryptoMining #zec
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