Jaime Leverton Appointed CEO of Crypto Miner Fortitude Ahead of SPAC Merger
Former Hut 8 CEO Jaime Leverton is set to become the new chief executive officer (CEO) of cryptocurrency miner Fortitude, effective September 21. The appointment comes as Fortitude prepares for a public listing through a merger with HeartSciences (NASDAQ: HSCS). Once completed, the combined company will trade on Nasdaq under the ticker symbol 'TUDE' and is expected to be publicly listed by year-end with an estimated valuation of $400 million. Leverton brings extensive experience in digital asset management and mining operations after leading Hut 8 from 2020 to 2024, overseeing its merger and strategic pivot into high-performance computing. Fortitude is currently focused on Zcash (ZEC) mining and reported second-quarter revenue of $20.9 million U.S., having mined approximately 72,696 ZEC in the six months through June 30—accounting for nearly a quarter of network production during that period. The company operates over 60 megawatts of power capacity across seven sites in South Dakota, Nebraska, Texas, and New York State. Leverton will succeed Andrea Childs, who is transitioning to COO at Fortitude.
Topics: Cryptocurrency Mining Leadership Change Mergers & Acquisitions