PANews, July 30: According to The Energy Mag, DCG’s Fortitude Mining has signed acquisition agreements worth approximately $45 million to purchase mining hardware and infrastructure in Nebraska, accelerating its vertical integration in Zcash mining. This expansion includes a $31.5 million commitment for mining equipment purchases and two additional acquisitions totaling $13.9 million for power contracts, land, buildings, and mining equipment. These transactions aim to transform Fortitude from a miner partially reliant on third-party infrastructure into a vertically integrated operator with owned power and data center capacity.
Fortitude Mining Invests $45M to Acquire Mining Hardware and Infrastructure in Nebraska
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Summary
Fortitude Mining, a subsidiary of DCG, announced a $45 million investment in mining hardware and infrastructure in Nebraska, according to on-chain news. The deal includes $31.5 million for equipment and $13.9 million for power, land, and buildings. The initiative aims to enhance vertical integration in Zcash mining, with the company planning to transition from relying on third parties to owning its power and data center assets. This development adds to the latest crypto news from the mining sector.
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