Fortitude launches a 12 MW mining farm in Nebraska, bringing its total proprietary power portfolio to over 60 MW
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
Odaily reports that Zcash mining company Fortitude has launched a 12-megawatt facility located in Grand Island, Nebraska, completing its first greenfield data center and expanding its proprietary power portfolio to 7 sites, exceeding 60 megawatts.
Fortitude stated that the facility has completed construction and electrical testing and is ready for commercial operation. This milestone comes ahead of Fortitude’s planned public listing through a business merger with publicly traded medical technology company HeartSciences (Nasdaq: HSCS).
Fortitude expects, assuming successful mining machine deployment and stable power, network, and market conditions, this facility will reduce Zcash mining’s direct cash cost from about $70 per unit to about $40 per unit. The company says the cost reduction is due to lower-cost proprietary power and more efficient, next-generation mining machines.
The facility is expected to procure electricity at around $0.045 per kilowatt-hour, located between two solar power facilities and adjacent to a substation with surplus capacity. Fortitude was spun off from the Foundry mining division, a subsidiary of Digital Currency Group, in January 2025, and its business includes mining Bitcoin and other proof-of-work cryptocurrencies.
Fortitude stated that the facility has completed construction and electrical testing and is ready for commercial operation. This milestone comes ahead of Fortitude’s planned public listing through a business merger with publicly traded medical technology company HeartSciences (Nasdaq: HSCS).
Fortitude expects, assuming successful mining machine deployment and stable power, network, and market conditions, this facility will reduce Zcash mining’s direct cash cost from about $70 per unit to about $40 per unit. The company says the cost reduction is due to lower-cost proprietary power and more efficient, next-generation mining machines.
The facility is expected to procure electricity at around $0.045 per kilowatt-hour, located between two solar power facilities and adjacent to a substation with surplus capacity. Fortitude was spun off from the Foundry mining division, a subsidiary of Digital Currency Group, in January 2025, and its business includes mining Bitcoin and other proof-of-work cryptocurrencies.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
USDC Treasury Mints 250 Million USDC on Solana Chain
Cointime•2026/09/12 21:58
Metaplanet Cuts Executive Share Pool 41.1% After Investor Outcry
CoinCryptoNewz•2026/09/12 21:27
Integrum publishes annual report for fiscal 2025/26
Reuters•2026/09/12 20:59
Helios Solar says Lim Ming How tops 10% voting rights threshold in disclosure
Reuters•2026/09/12 20:57
Crypto prices
MoreBitcoin
BTC
$77,256.08
-0.14%
Ethereum
ETH
$2,524.46
+0.38%
Tether USDt
USDT
$0.9998
-0.02%
BNB
BNB
$728.66
+0.08%
XRP
XRP
$1.37
+0.51%
USDC
USDC
$0.9998
-0.02%
Solana
SOL
$101.9
-0.27%
TRON
TRX
$0.3402
+0.35%
Hyperliquid
HYPE
$79.4
+0.51%
Zcash
ZEC
$1,128.51
-2.75%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now