Fortitude Launches 12-Megawatt Mining Facility in Nebraska with Over 60 Megawatts of Self-Generated Power

Fortitude has launched a 12-megawatt facility in Grand Island, Nebraska, completing its first greenfield data center construction, expanding its self-generated power portfolio to seven sites with over 60 megawatts. The facility has completed construction and electrical testing, meeting conditions for commercial operation. Fortitude plans to go public through a merger with the publicly traded medical technology company HeartSciences (Nasdaq: HSCS). It is expected that, with successful deployment of mining machines and stable power, network, and market conditions, the facility will reduce the direct cash cost of mining Zcash from approximately $70 per coin to about $40, with cost reductions stemming from lower-cost self-generated power and more efficient next-generation mining machines. The facility is expected to procure power at approximately $0.045 per kilowatt-hour, located between two solar power generation facilities and adjacent to a substation with excess capacity. Fortitude was established in January 2025 after spinning off from the mining division of Digital Currency Group's Foundry, with operations including mining Bitcoin and other proof-of-work cryptocurrencies.