Fortitude Mining Holdings appoints former Hut 8 CEO Jaime Leverton to lead Nasdaq listing

Zcash mining firm Fortitude Mining Holdings has appointed former Hut 8 CEO Jaime Leverton as its new CEO, effective September 21. Leverton, who previously led Hut 8's merger with US Bitcoin Corp, will oversee the company's planned merger with Nasdaq-listed HeartSciences (HSCS). The deal, expected to close in the fourth quarter, will rebrand the entity to "TUDE" with a valuation of at least $400 million. Fortitude, a spin-off from Digital Currency Group's Foundry, currently operates over 60 MW of power capacity and mined 72,696 ZEC in the first half of the year.