NewsHK
Against the backdrop of a sector-wide reset in proof-of-work mining economics, Fortitude Mining Holdings, Inc.
filed unaudited interim financials for the six months ended June 30, 2026, showing a net loss of $14.2 million, wider than the $13.7 million loss recorded in the same period of 2025.
HSCS investors are absorbing that widening deficit even as the company's operating cash generation held positive at $5.7 million. Fortitude, a wholly-owned subsidiary of Digital Currency Group, Inc.
(DCG), mines Zcash, Bitcoin, and other proof-of-work digital assets across owned and leased sites. Mining revenues came in at $40.1 million for the half, roughly flat against the $40.8 million recorded a year earlier.
Keep reading