Fortitude Mining Proposes Merger with Nasdaq-Listed HeartSciences; Stock Surges 55% on June 24

ZEC-4.86%
According to The Block, Fortitude Mining, a Zcash mining subsidiary of Digital Currency Group (DCG), on June 24 proposed merging with Nasdaq-listed HeartSciences Inc., a small-cap medical device company. HeartSciences shares surged approximately 55% to close at $2.70 on Tuesday. CEO Andrea Childs stated the merger aims to provide capital market financing flexibility to accelerate the company's risk mining platform strategy, currently focused on Zcash mining. DCG will hold approximately 95% of the merged entity.
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