Fortitude Crypto Mined ZEC at Scale in Q2, Generating Over $20 Million in Revenue

Odaily News - Barry Silbert, founder of DCG, the parent company of Grayscale, stated on the X platform that Fortitude Crypto had a strong second quarter, is conducting large-scale ZEC mining operations, and is moving toward the public market.

Fortitude reported Q2 revenue of $20.9 million, adjusted EBITDA of $8.5 million, and a net loss of $9.5 million for the quarter. The company mined approximately 33,646 ZEC during the quarter, with an average hashrate of 4.0 GSol/s.