M&A
confidence high
sentiment negative
materiality 0.75
Fortitude Mining H1 net loss $14.2M, revenue $40.1M; merger with HeartSciences pending
HeartSciences Inc.
- Fortitude H1 2026 net loss $14.2M vs $13.7M prior year; revenue $40.1M vs $40.8M.
- Recorded $10.3M impairment of mining equipment and $4.3M transaction costs in H1 2026.
- Cash $14.1M, working capital $8.6M at June 30, 2026; property and equipment net $25.4M.
- All-stock merger with HeartSciences (HSCS); DCG expected to own ~95% of combined voting interest.
- Merger expected to close H2 2026, subject to HeartSciences stockholder and regulatory approvals.