logo

Crypto mining company Bitzero raises $25 million to expand its mining operations

By: odaily.com|2025/07/24 10:11:46

Odaily News Bitzero, a crypto mining company backed by Kevin OLeary, recently received $25 million in financing, which it plans to use to expand its mining operations. The company said that the first batch of funds will be used to purchase 2,900 Bitmain S21 Pro mining machines, which are expected to be deployed within four to six months, bringing the company approximately $10 million in new revenue each year. At the same time, Bitzero is committed to using hydropower and low-carbon energy to promote the sustainable development of its data centers in North America and Europe. Mohammed Bakhashwain, president and CEO of the company, said that the financing will accelerate the deployment of leading mining technology and further consolidate Bitzeros leading position in sustainable and profitable data centers. (The Block)

SenseTime Plans to Raise HKD 2.5 Billion, Funds to Be Used for RWA, Stablecoin, and Digital Asset Businesses
Analysis: The unusual dollar trend may be another reason why Powell is cautious about rate cuts

You may also like

Share
copy

Gainers

Latest Crypto News

10:46

A certain solo miner successfully mined Block 924569, receiving a reward of 3.146 BTC

09:46

A whale has added $4.1 million in collateral to long STRK and HYPE, currently facing an unrealized loss of $1.5 million.

09:16

Aerodrome: Front-end Security Breach Investigation Underway, All Smart Contracts Remain Secure

08:46

CryptoQuant CEO: Asserts That the Confidence of U.S. Institutional Investors Has Fully Recovered Is Premature

06:16

Publicly traded company mF International plans to raise $500 million to launch the BCH Treasury.

Read more
Community
icon
icon
icon
icon
icon
icon
icon
icon

Customer Support@weikecs

Business Cooperation@weikecs

Quant Trading & MM[email protected]

VIP Services[email protected]