Fortitude Mining secures $50 million credit facility from DCG

According to Odaily, parent company Digital Currency Group has increased Fortitude Mining's existing credit facility from $26 million to $50 million, with an additional commitment of $24 million. Fortitude Mining currently has approximately $31 million in available borrowing, which is expected to be fully disbursed in ZEC to fund the procurement of 9,000 Zcash ASIC miners, as well as capital expenditures for building and acquiring data centers, power infrastructure, and more.