Bitzero, a Vancouver-based company focused on sustainable blockchain and high-performance computing, has secured $25 million in funding to fast track its revenue growth and advance its mission of leading the way in eco-friendly crypto mining.
According to a news release, the first portion of the funds will go toward purchasing 2,900 Bitmain S21 Pro mining machines, which are among the most advanced available. They are expected to be deployed within four to six months to generate an estimated $10 million in additional annual revenue.
“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,” Mohammed Bakhashwain, CEO of Bitzero, said in a statement.
