Barry Silbert’s Zcash miner proposes merger, sends Nasdaq stock soaring despite rough month for ZEC
The Block·
60-second summary
Barry Silbert's Zcash miner Fortitude Mining proposes a merger with small-cap Nasdaq stock HeartSciences Inc, sending the latter's stock soaring despite a rough month for Zcash. The deal's terms are not disclosed, but it's expected to be a transformative move for HeartSciences. The market reacts positively, with HeartSciences stock price increasing significantly, indicating a potential boost in investor confidence.
Zcash miner Fortitude Mining, a DCG subsidiary, wants to merge with a small-cap Nasdaq stock, HeartSciences Inc.