Fortitude Purchases 9,000 Bitmain Antminer Z15 Pro Units, Deepening Commitment to the Zcash Ecosystem
Purchase reflects a significant investment in Bitmain's industry-leading Zcash miners as the Company continues its proposed business combination with HeartSciences Inc. (Nasdaq: HSCS)
Fortitude Mining Holdings, Inc. ("Fortitude" or the “Company”), a vertically-integrated digital asset mining platform anchored in Zcash today announced it has executed a definitive purchase agreement with Bitmain for 9,000 Antminer Z15 Pro units, purpose-built Equihash ASICs and the leading hardware for mining Zcash, further expanding the Company's Equihash mining fleet. The purchase builds on the previously announced proposed business combination with HeartSciences Inc. (Nasdaq: HSCS), which aims to bring a leading vertically-integrated Zcash mining platform to the public markets. Upon closing of the proposed transaction, which is expected in H2 2026, the combined company is expected to operate under the Fortitude brand and to trade on the Nasdaq Capital Market under the ticker symbol "TUDE," subject to Nasdaq approval.
Under the terms of the signed contract, Bitmain’s units are scheduled to be shipped in two tranches, with 3,000 units scheduled to ship in October 2026 and 6,000 units in November 2026. The per-unit purchase price is $3,499, representing an aggregate equipment commitment of approximately $31.5 million. Fortitude secured this pricing at approximately 13% to 27% below what we believe to be the prevailing market pricing for comparable October and November 2026 shipment batches, which we believe reflects the Company’s purchasing scale and supplier relationships1.
