DCG's Fortitude acquires 12.5 MW Nebraska facility for net $4.7 million, expanding Zcash mining portfolio
Quick TakeFortitude Mining has completed the cash acquisition of a 12.5 MW mining facility for a net outlay of about $4.7 million after credits.The site, which includes full ownership of the land, building, and on-site substation, is the companys third in Nebraska and contributes to an owned power portfolio of more than 60 MW across seven sites. Fortitude Mining Holdings, Inc., the Zcash mining subsidiary of Digital Currency Group, has completed its acquisition of a 12.5 megawatt facility in Prosser, Nebraska, according to an announcement on Tuesday. This comes about a week after Fortitude announced it was bringing a 12 MW mining facility in Grand Island, Nebraska, online. That Nebraska facility was called Fortitudes first self-developed mining site. The Prosser site will be Fortitudes third in Nebraska and adds to its owned power portfolio of more than 60 MW across seven sites in South Dakota, Nebraska, Texas, and New York. “The acquisition of our Prosser Facility is a significant step forward in scaling our owned-and-operated portfolio,” Fortitude CEO Andrea Childs said. By pairing targeted acquisitions like Prosser with our own greenfield development, we are building a vertically-integrated platform designed to maximize the value of every megawatt we own. Fortitude said it funded the acquisition entirely