Bitzero Secures $25M War Chest to Supercharge Crypto Mining Dominance

Crypto miners just got a fresh injection of rocket fuel.

Bitzero's $25 million funding round signals bullish conviction in proof-of-work's future—even as ESG hawks circle. The capital will turbocharge their mining ops, though skeptics whisper this might just be another 'expand before regulation hits' play.

Why it matters: With Bitcoin's next halving looming, efficient miners are positioning for survival of the fittest. Bitzero's move suggests they're betting on being the last ASIC standing when the music stops.

The cynical take: Nothing attracts VC dollars like an energy-intensive business model that Wall Street still doesn't understand—but can now label as 'Web3 infrastructure.'

Crypto mining company Bitzero, backed by investor Kevin O’Leary, has raised $25 million to scale its mining operations. The funds will be used to purchase 2,900 advanced Bitmain S21 Pro miners, boosting the company’s mining capacity and efficiency. This expansion underscores strong investor confidence and aims to generate an estimated $10 million in additional annual revenue. Bitzero focuses on sustainable mining, utilizing hydroelectric and low-carbon energy across its facilities in North America and Europe.