Bitcoin Miners Pivot to HPC: Bitzero Raises $25M to Expand Into High-Margin Data Centers
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8 Articles
Crypto Miner Bitzero Raises $25M to Buy More HPC Mining Equipment
Quick take: Bitzero did not provide a list of investors involved in the round. The company also plans to use some of the capital to expand its high-performance computing (HPC) operations amid shifts toward diversification and environmental sustainability. Industry peers like Hive Digital Technologies are also diversifying into HPC, with Hive expecting to generate up to $100 million in HPC annual revenue by 2026. Bitzero, a crypto mining compan…
Kevin O’Leary-Backed Bitzero Raises $25M to Scale Bitcoin Mining Infrastructure - Invest In Crypto News
Bitzero, a crypto mining company backed by Shark Tank’s Kevin O’Leary, has raised $25 million to grow its mining and data center operations across North America and Europe. The company plans to use part of the funds to buy 2,900 Bitmain S21 Pro miners, aiming to deploy them in the next four to six months. Once live, the new hardware is expected to generate around $10 million in extra annual revenue, helping the company lower its already competit…
Kevin O’Leary-Backed Bitzero Raises $25M to Scale Bitcoin Mining Infrastructure
The post Kevin O’Leary-Backed Bitzero Raises $25M to Scale Bitcoin Mining Infrastructure appeared first on Coinpedia Fintech News Bitzero, a crypto mining company backed by Shark Tank’s Kevin O’Leary, has raised $25 million to grow its mining and data center operations across North America and Europe. The company plans to use part of the funds to buy 2,900 Bitmain S21 Pro miners, aiming to deploy them in the next four to six months. Once live, t…
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