Zcash miner Fortitude names former Hut 8 chief Jaime Leverton CEO ahead of Nasdaq deal
Fortitude Mining Holdings has appointed former Hut 8 CEO Jaime Leverton as its new chief executive ahead of a planned merger with HeartSciences. The move positions the Zcash-focused miner for a Nasdaq listing as it seeks to scale its operations and institutional presence.
Why it matters
The appointment signals a significant shift in leadership for a major crypto-mining firm as it prepares for public market entry and expansion in the digital asset sector.
Fortitude Mining Holdings appointed former Hut 8 CEO Jaime Leverton as chief executive as the Zcash (ZEC)-focused miner prepares for a public listing through a proposed combination with Nasdaq-listed HeartSciences (HSCS).
Leverton will take the helm on Sept. 21, succeeding Andrea Childs, who will become chief operating officer, the company said in a press release.
Leverton will remain CEO after the deal closes, when the combined company is expected to adopt the Fortitude name and trade on Nasdaq under the ticker “TUDE.”
The deal, announced in June , is expected to close in the fourth quarter, subject to shareholder approval and other customary conditions. Based on HeartSciences’ current share price and the shares expected to be issued to Fortitude owner Digital Currency Group and HeartSciences’ preferred shareholders, the combined company would have an implied valuation of at least $400 million, according to company estimates.
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