Barry Silbert-backed Zcash miner Fortitude brings Nebraska facility online to cut its ZEC production costs
The Block·
60-second summary
Fortitude, a Zcash miner backed by Barry Silbert, has brought its 12-megawatt mining facility in Nebraska online, aiming to significantly reduce costs. The new facility is expected to cut direct cash mining costs from approximately $70 to roughly $40 per ZEC, a substantial decrease that could positively impact Fortitude's profitability and potentially influence the Zcash market.
Fortitude expects its new 12-megawatt mining facility to cut its direct cash mining cost from about $70 to roughly $40 per ZEC.