ME News reports that on August 5 (UTC+8), Fortitude, a Zcash mining subsidiary of Digital Currency Group, announced the completion of its acquisition of a 12.5-megawatt digital infrastructure facility in Prosser, Nebraska. The transaction was funded entirely by cash on the company’s balance sheet, with a purchase price of $6.25 million. After deductions for escrow deposits and proceeds from the sale of mining equipment, the net cash inflow at closing amounted to approximately $4.7 million. (Source: Foresight News)
Zcash Miner Fortitude Acquires 12.5 MW of Digital Infrastructure for $6.25 Million
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Summary
Zcash miner Fortitude, a subsidiary of Digital Currency Group, has acquired a 12.5 MW digital asset mining facility in Prosser, Nebraska, for $6.25 million. Net cash spent was approximately $4.7 million after deducting escrow funds and proceeds from sold mining equipment. This acquisition expands the growing infrastructure base of the digital assets mining sector. The site was sourced through MetaEra and is now operational.
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