Bitzero, a leader in sustainable blockchain and high-performance computing (HPC) data centers, has secured $25 million in funding to enhance revenue and advance its clean mining operations.
A portion of the funds will be used to purchase 2,900 Bitmain S21 Pro miners, which are expected to be deployed within four to six months. This deployment could generate an additional $10 million in annual revenue.
Building on its success in Europe, including a hydropower-powered data center in Norway, Bitzero aims to capitalize on the growing cryptocurrency market while minimizing environmental impact. Headquartered in Vancouver, BC, the company operates facilities across North America and Europe, utilizing hydroelectric and low-carbon energy sources.
KEY QUOTE:
“Our mission has always been to prove that Blockchain infrastructure can thrive in harmony with investors, communities, and the environment. This new funding allows us to build on our success, accelerate deployment of best-in-class mining technology, and extend our leadership in sustainable, profitable data centers.”
Bitzero’s President and CEO Mohammed Bakhashwain
