According to an announcement on Tuesday, Fortitude Mining, a subsidiary of Digital Currency Group (DCG), has entered into a definitive merger agreement with HeartSciences Inc., a small-cap medical technology company trading on Nasdaq under the ticker HSCS. HeartSciences shares surged approximately 55% to close at $2.70 per share. The merger is expected to close in the second half of 2026, with DCG set to own approximately 95% of the combined company.
Fortitude CEO Andrea Childs clarified that the merger is not a digital asset treasury play but rather an operating company strategy to access capital for accelerating its Zcash mining platform and power portfolio opportunities. Separately, Zcash (ZEC) was trading at $415.83 on Tuesday, down about 7% for the day, with a market capitalization of approximately $7 billion.