Fortitude Upsizes DCG Credit Facility to $50M, Plans $31M Draw in ZEC to Fund Hardware and Infrastructure Expansion
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Zcash-focused digital asset infrastructure operator Fortitude Mining Holdings, Inc. announced today that its subsidiary, Fortitude Mining, LLC, has amended its credit agreement with parent company Digital Currency Group (DCG).
The amendment increases DCG's aggregate lending commitment by $24 million, raising the total facility size from $26 million to $50 million. Combined with roughly $7 million remaining under the initial commitment, Fortitude now holds approximately $31 million in available borrowing capacity.
Token-Funded Loan Structure and Hardware Procurement
Under the terms of the amended agreement, DCG holds the option to disburse loan tranches in Zcash (ZEC) rather than cash. The credit facility dictates that any ZEC-funded disbursements will be denominated and repayable in U.S. dollars, valued at the market price at the time of transfer. Fortitude disclosed that it expects the entirety of the remaining $31 million capacity to be funded in ZEC.
Fortitude plans to liquidate the distributed ZEC through open market transactions to directly fund capital expenditures:
Immediate 9,000-Unit ASIC Hardware Payment: Fortitude expects to draw down the initial $7 million before the end of September 2026 in ZEC. The liquidated proceeds will cover installment payments owed on the company's previously announced 9,000-unit Zcash mining machine order.
Site Expansion and Acquisitions: The balance of the facility is earmarked for greenfield facility construction, data center property acquisitions, and electrical infrastructure expansion.
Potential FY 2027 Extensions: In addition to the upsized $50 million facility, DCG may provide supplementary ZEC-denominated funding to back Fortitude's capital requirements through fiscal year 2027.
Facility Collateral: The facility, originally entered into on June 1, 2026, allows borrowings over an 18-month window and is secured by a first-priority lien on acquired equipment and selected real property.
Path to Nasdaq Listing via HeartSciences Merger
The credit expansion arrives as Fortitude moves forward with its planned public market debut through a definitive business combination with HeartSciences Inc. (Nasdaq: HSCS).
Upon shareholder approval and closing, the combined entity is set to trade on the Nasdaq under the ticker symbol "TUDE". HeartSciences filed an amended preliminary proxy statement on Schedule 14A with the U.S. Securities and Exchange Commission on September 18, 2026, as the parties advance toward the special shareholder vote.
The capital injection provides Fortitude with dedicated liquidity to scale its owned computing and power footprint while insulating core operations from short-term spot volatility.
