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07/25 03:53
Kevin O’Leary-Backed Bitzero Raises $25M to Scale
Kevin O’Leary-Backed Bitzero Raises $25M to Scale Crypto Mining Operations
The fresh funding will go toward the purchase of 2,900 Bitmain S21 Pro miners.
Bitzero, the crypto mining company supported by investor and TV personality Kevin O’Leary, has raised $25 million to accelerate the expansion of its mining infrastructure.
Key Takeaways:
- Bitzero secured $25 million to expand its crypto mining operations with energy-efficient hardware.
- The company plans to deploy 2,900 miners, generating an estimated $10 million in annual revenue.
- Bitzero continues to position itself as a leader in sustainable mining.
The fresh funding will go toward the purchase of 2,900 Bitmain S21 Pro miners, which are high-performance machines known for their energy efficiency, operating at 15 joules per terahash, the company announced Wednesday.
Bitzero said deployment is expected within four to six months and is projected to bring in approximately $10 million in additional annual revenue.
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