Fortitude Upsizes DCG Credit Facility by $24M, Adds ZEC Funding Option Ahead of HeartSciences Merger

summarizeSummary

Fortitude Mining upsized its DCG credit facility by $24 million to $50 million and added a ZEC funding option, with about $31 million expected to be funded in ZEC. The capital supports mining equipment purchases and infrastructure expansion ahead of the pending HeartSciences merger.

check_boxKey Events · Financing and Capital Events · HSCS

• Credit Facility Upsized by $24M

  Fortitude Mining's DCG credit facility commitment increased from $26 million to $50 million, adding $24 million in new borrowing capacity.

• ZEC Funding Option Added

  DCG may fund future loans in ZEC rather than cash, with approximately $31 million of remaining availability expected to be funded in ZEC and liquidated by Fortitude.

• Near-Term Draw Expected

  Approximately $7 million remaining under the initial commitment is anticipated to be drawn before the end of September 2026 and funded in ZEC to pay for previously announced 9,000 unit Zcash machine orders.

• Merger Context

  The financing supports Fortitude's growth ahead of its proposed all-stock merger with HeartSciences, which is expected to bring Fortitude to public markets.

auto_awesomeAnalysis · HSCS · Crypto Assets

Fortitude Mining, the company HeartSciences is merging with, increased its credit facility with parent DCG from $26 million to $50 million — a $24 million expansion. The amendment also lets DCG fund future loans in ZEC instead of cash, with about $31 million of remaining availability expected to be funded in ZEC. This matters because HeartSciences is nearly out of cash ($29,906 per the last 10-Q) and the merger is its lifeline. Fortitude's ability to fund mining equipment purchases and infrastructure expansion strengthens the combined company's post-merger prospects, but the ZEC funding mechanism introduces crypto price volatility risk into the financing structure.