
Bitzero Raises $25 Million to Scale Cryptocurrency Mining Operations
In a recent announcement, cryptocurrency mining company Bitzero has secured a substantial investment of $25 million. This influx of capital will be utilized to significantly expand its existing mining operations by acquiring 2,900 cutting-edge miners from Bitmain, specifically the S21 Pro model.
The strategic deployment of these advanced machines is expected to boost Bitzero’s overall mining capacity and efficiency, ultimately aiming to generate an estimated additional $10 million in annual revenue. This substantial growth indicates a high level of confidence from investors, solidifying their commitment to the sustainability-focused company.
As part of its mission to promote environmentally responsible cryptocurrency mining practices, Bitzero has consistently utilized hydroelectric power and low-carbon energy across its facilities situated throughout North America and Europe.
Source: coinpedia.org