DCG Subsidiary Fortitude to Buy Up to $100 Million of BITMAIN's Next-Generation Zcash Miners

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Summary · why it matters

Fortitude Mining Holdings, a Digital Currency Group subsidiary that mines Zcash, announced on October 5 that it plans to purchase up to $100 million of BITMAIN's next-generation Zcash mining machines. Fortitude already operates a Zcash mining business and in May ordered 9,000 ANTMINER Z15 Pro miners made by BITMAIN. This time it has secured a priority supply allocation so it can obtain the next-generation machines, which have not yet gone on general sale, ahead of other companies. The letter of intent it signed is not legally binding, and the maximum purchase amount of $100 million and the number of units will be decided later; the two companies will sign a purchase contract after BITMAIN formally announces the performance and pricing of the next-generation machines, and shipments of the equipment are expected to begin in the second quarter of 2027. Fortitude plans to add the next-generation machines alongside its existing miners to further expand its Zcash mining capacity, and for this capital investment it has raised its credit line from its parent company DCG from $50 million to $70 million.

Impact on assets 1

Others▲
Zcash
ZEC-USD
▲ PositiveDemandrelevance

Fortitude plans to buy up to $100M of next-gen Zcash miners and expand its Zcash mining capacity, signaling growing mining demand for the Zcash network.

Off-coverage companies 4

Bitmain Technologiesi
Private▲ PositiveDemandrelevance

BITMAIN secured a letter of intent for up to $100M of its next-generation Zcash miners from Fortitude, with shipments expected from Q2 2027.

Fortitude Mining Holdingsi
Private▲ PositiveCapitalrelevance

Fortitude secured priority allocation for up to $100M of BITMAIN next-gen Zcash miners and raised its DCG credit line to $70M to fund the capacity expansion.

Digital Currency Groupi
Private▲ PositiveCapitalrelevance

DCG subsidiary Fortitude raised its credit line from DCG from $50M to $70M to fund the miner purchase, expanding DCG's financing exposure.

Digital Culture Groupi
Private± Mixedrelevance