RabbitVectorStory
Zcash miner Fortitude hires new CEO before Nasdaq listing
No clear lean
Leadership and listing news, not a change to the coin itself.
What happened
Fortitude, a company that mines the privacy-focused cryptocurrency Zcash, just brought on Jaime Leverton, who used to run Bitcoin mining company Hut 8, as its new CEO. This is happening as Fortitude prepares to list its shares on the Nasdaq stock exchange, which would let regular stock investors buy into the company.
Why it matters
This is a corporate and business-world development rather than something that changes what Zcash the cryptocurrency does or is worth — it mainly signals growing mainstream interest in mining companies going public.
Should I do anything?
No action needed here — this is company news, not a security alert or something that affects coins you might be holding.
Terms used
- mining
- The computer-powered process of verifying crypto transactions, which also creates new coins as a reward
- Nasdaq listing
- When a company's shares become available to buy and sell on the Nasdaq stock exchange
- Zcash
- A cryptocurrency designed to let users make transactions that are more private than most other cryptocurrencies