Fortitude Mining Spends $45M on Vertical Integration Push

Fortitude Mining has made significant investments in its mining infrastructure to drive vertical integration. The company, owned by Digital Currency Group (DCG), has entered into purchase agreements worth around $45 million for mining hardware and Nebraska infrastructure. This includes a $31.5 million commitment for new mining machines and two acquisitions totaling $13.9 million for power contracts, land, buildings, and mining equipment.

The expansion aims to turn Fortitude from a miner reliant partly on third-party infrastructure into a more vertically integrated operator with company-controlled power and data-center capacity. The controlled data-center capacity has risen to over 60 megawatts in 2026. This move comes ahead of the proposed merger with Nasdaq-listed HeartSciences Inc., which would give Fortitude a public listing.

The transition from Bitcoin to Zcash mining is also underway, with Zcash now accounting for 61% of Fortitude's mining revenue, up from 11% in the first quarter of last year. The company has reduced its deployed Bitcoin capacity and powered down older machines that became unprofitable, resulting in a 52% decline in Bitcoin production.