Former Hut 8 CEO Jaime Leverton to Lead Zcash Miner Fortitude Ahead of Nasdaq Debut
Leverton will lead the Zcash-focused miner as it targets a $400 million implied valuation and a fourth-quarter Nasdaq debut, company estimates show.
- Fortitude Mining Holdings appointed former Hut 8 CEO Jaime Leverton as chief executive effective September 21, succeeding Current CEO Andrea Childs, who transitions to chief operating officer as the Zcash-focused miner prepares for a public listing via combination with HeartSciences.
- Digital Currency Group spun out Fortitude from its Foundry business in January 2025 to operate as a "venture mining" platform allocating capital across proof-of-work networks while maintaining primary focus on Zcash.
- The miner operates more than 60 megawatts of power capacity across seven sites in South Dakota, Nebraska, Texas, and New York. Fortitude reported second-quarter revenue of $20.9 million and mined 72,696 ZEC during the first six months of 2026.
- Fortitude's leadership transition occurs as ZEC tokens have surged more than 2,000% over the past year. Paradigm co-founder Matt Huang disclosed Wednesday the investment firm holds ZEC, describing it as a "private complement to Bitcoin."
- The combined company, expected to trade on Nasdaq under ticker TUDE, has an implied valuation of at least $400 million according to company estimates. The transaction is expected to close in the fourth quarter, subject to shareholder approval.
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Fortitude Mining Taps Ex-Hut 8 CEO Leverton as Zcash Hits $1,424 and Nasdaq Listing Nears
Fortitude Mining just got a new boss. Jaime Leverton, who previously ran Hut 8 through a major merger and its… Read the original on Jaime Leverton Joins Fortitude Mining as Zcash Surges Toward Nasdaq Listing. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Former Hut 8 CEO lands at Fortitude Mining as Zcash miner rides high into Nasdaq listing
Fortitude Mining has named the former CEO of Hut 8, Jaime Leverton, as its new CEO, effective September 21. The company is bringing in an executive who has already run a listed crypto miner to take over the job of steering the Zcash-focused company through a planned Nasdaq listing. An operator who has done the...
Illustrative image Photo: PexelsZcash miner chooses Jaime Leverton for command and advance to listing on Nasdaq
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