Fortitude Mining, HeartSciences sign all-stock merger targeting second-half 2026 close
DCG is expected to own about 95% of the combined company, while Fortitude says it plans to keep mining and holding ZEC with annual production of 157,000 coins.
Fortitude Mining and HeartSciences said they have signed an all-stock merger agreement that is expected to close in the second half of 2026, updating the timeline previously described in the topic record. After the merger, Digital Currency Group is expected to own about 95% of the combined company. Fortitude said it plans to continue mining and holding ZEC, with annual production of 157,000 coins. Earlier reported details remain in place, including that HeartSciences shares jumped about 60% intraday and closed up about 55% at $2.70 after the deal announcement, and that the merged company is expected to retain the Fortitude brand, remain led by CEO Andrea Childs and seek a Nasdaq Capital Market listing under ticker TUDE, subject to Nasdaq approval.
- all-stock merger: A transaction in which the deal is paid for with shares rather than cash.
- ZEC: The native token of the Zcash network.
- Nasdaq Capital Market: A Nasdaq listing tier commonly used by smaller public companies.