Zcash mining firm Fortitude appoints former Hut 8 CEO, advances reverse merger listing process

Odaily News: Fortitude Mining, a subsidiary of Digital Currency Group (DCG) focused on Zcash mining, has announced the appointment of Jaime Leverton, former CEO of Nasdaq-listed mining company Hut 8, as its new CEO, to accelerate its reverse merger with Nasdaq medical technology company HeartSciences as a path to going public.

Leverton will officially take office on September 21 and will lead the new publicly listed company after the merger is completed, while former CEO Andrea Childs will transition to another role. The all-stock merger transaction was announced in June of this year. After the merger, the combined entity plans to rename itself Fortitude and trade on Nasdaq under the ticker symbol TUDE, with DCG expected to hold approximately 95% of the shares. Fortitude was spun off from Foundry's proprietary mining division in January 2025, and produced a cumulative total of 72,696 ZEC in the first half of 2026. (The Miner Mag)