Fortitude Boosts Zcash Mining Ambitions with Expanded Credit Facility

Fortitude Mining Holdings has significantly expanded its credit facility to $50 million, providing fresh capital for an ambitious push into Zcash mining infrastructure. The company, a subsidiary of Digital Currency Group, plans to draw down roughly $31 million in new funds to purchase Bitmain Antminer Z15 Pro ASIC miners and fund data centers and power infrastructure.

The original credit facility was established on June 1, 2026, with an 11% interest rate and a maturity date of June 2028. The amendment not only increases the borrowing capacity but also outlines potential for additional ZEC-denominated draws through fiscal year 2027.

Fortitude's decision to draw its credit facility in ZEC rather than USD creates a natural hedge, tying the cost of capital directly to the asset it mines. This strategy suggests that the company views this as a rolling financing structure rather than a one-time raise.