Zcash Miner Fortitude Powers Up 12-MW Nebraska Facility, Eyes Public Listing

According to its announcement, Fortitude brought a 12-megawatt mining facility in Grand Island, Nebraska, online on Tuesday, expanding its owned power portfolio to more than 60 megawatts across seven sites. The facility is the company's first greenfield data center.

The company expects the site to reduce its direct cash cost of mining Zcash from approximately $70 per coin to roughly $40 per coin, leveraging lower-cost owned power and more efficient next-generation mining hardware. The facility is projected to purchase electricity for about $0.045 per kilowatt-hour. The milestone comes ahead of Fortitude's planned public listing through a merger with HeartSciences (Nasdaq: HSCS).