Zcash Miner Fortitude Heads For Nasdaq Through Reverse Merger Deal

Fortitude Mining Holdings, a cryptocurrency mining company, is getting ready to go public by merging with medical tech firm HeartSciences. This deal lets the Zcash miner get a Nasdaq listing without a traditional IPO.

In this all-stock deal, Fortitude’s management will run the combined company, which plans to trade as TUDE after getting regulatory approval. HeartSciences shareholders will keep a minority stake in the new company.

Even though the two companies are in different industries, this type of deal is now common in the digital asset world. Instead of going through a long and costly IPO, crypto firms often go public by merging with companies that are already listed.

HeartSciences makes AI-based heart diagnostic tools, while Fortitude mines Zcash, a long-standing privacy-focused cryptocurrency. This deal gives Fortitude quicker access to public investors and lets HeartSciences keep running its healthcare business.

Investors reacted quickly. HeartSciences shares jumped after the announcement as the market responded to the company’s new direction.

Fortitude has shared little financial information since it is still private. Still, the company said it was producing about 157,000 Zcash tokens a year as of the end of May. With Zcash trading above $400 at the time, this is a large digital asset operation.

This deal is part of a bigger trend where crypto companies look to go public to raise money, be more transparent, and attract big investors. Many mining firms have already entered public markets through mergers or special-purpose acquisition companies instead of traditional IPOs.

If the deal goes through, it will add another crypto company to Nasdaq and make the link between digital assets and mainstream finance even stronger.

Fortitude and HeartSciences (Nasdaq: $HSCS) Announce Business Combination, Aiming to Bring a Leading Vertically-Integrated Zcash Mining Platform to the Public Markets.

-Combined company expected to operate under the Fortitude brand and to trade on Nasdaq; transaction expected to…

— Fortitude Mining (@FortitudeCrypto) June 23, 2026

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