HeartSciences Inc. 8K

Fortitude Mining Holdings, Inc. reported a sizeable first-half 2026 net loss alongside mining-equipment impairments, related-party financing and expansion commitments, a pending reverse-merger with HeartSciences, and a subsequent weather event that temporarily curtailed hashrate with limited estimated financial impact to date.

Fortitude Mining Holdings, Inc., a wholly owned subsidiary of Digital Currency Group operating a Zcash, Bitcoin, and broader proof‑of‑work digital asset mining business, filed unaudited condensed consolidated financial statements for the six months ended June 30, 2026, disclosing a significant net loss driven by high depreciation, an impairment charge on Bitcoin and other non-Zcash mining equipment, and transaction-related expenses for its pending all-stock reverse-merger with HeartSciences Inc., while also highlighting a new $26 million related-party credit facility from DCG to finance Zcash mining equipment, substantial equipment purchase and expansion commitments in Nebraska, ongoing patent litigation, and a subsequent weather-related incident that temporarily reduced hashrate and is expected to result in less than $1 million of repair and equipment loss costs and an estimated sub-$1.2 million revenue impact through mid-August 2026 under stated price and network assumptions.

Filing Facts

CIK

1468492

Ticker

-

Form

8K

Source Type

sec

Accession

0001213900-26-091764

Alert Tier

7