Bitzero, a crypto mining company supported by Kevin O’Leary from Shark Tank, has collected 25 million dollars to develop its mining operations and data center across North America and Europe.
The company plans to use part of the funds to buy 2,900 Bitmain S21 Pro minors, aimed at deploying them in the next four to six months. Once live, the new equipment should generate around $ 10 million in additional annual income, helping the company reduce its already competitive point.
Here’s what you need to know.
Why Bitzero has its mining infrastructure
Unlike most minors who rent third -party facilities, Bitzero has its land, energy resources and equipment. This gives it better control over energy costs and long -term profitability.
“The deployment of this high -efficiency equipment will be completed within four to six months”, “ The company said in a press release, the appellant a key step to extend its advance on the market.
The company operates in Norway, Finland and Northern Dakota, where colder climates help reduce energy consumption. Combined with renewable energy sources with low carbon content, Bitzero’s strategy is built around sustainability and long -term profit, not short -term gains.
Green mine, built for more than bitcoin
Bitzero is positioned as a clean infrastructure provider for AI, cloud computing and corporate workloads, not just Bitcoin exploitation.
Led by the president and chief executive officer Mohammed Bakhashwain, the company currently builds four large -scale data centers in its existing locations. These are designed to manage high performance IT with a minimum environmental impact.
“The world does not only need more data centers, it needs better,” said Bakhashwain. “Our mission is simple: offer high performance computing power with the lowest possible environmental impact.”
O’Leary stands behind Bitcoin, Ethereum criticism
Kevin O’Leary has long supported the cryptography industry, but with regard to preference, it is clear: Bitcoin on Ethereum.
In an interview with Coindesk, O’Leary said that Bitcoin is still the essential asset for anyone looking for an exposure to the volatility of cryptography. “There are a lot of people who say:” I don’t need anything else … I’m just going to buy bitcoin. And they were not mistaken, “ He said.
He was less optimistic about Ethereum, calling him slowly and ineffective.
“God, Eth is slow,” He added. “And the more the transactions are stacked, that does not improve.”
With minors of funding and high efficiency on the way and infrastructure specific to the center of its strategy, Bitzero is positioned for the next phase of crypto and AI -focused demand.
