Clean energy mining firm Bitzero has secured $25 million in funding to scale its Bitcoin mining and high-performance computing (HPC) infrastructure.
The investment will deploy 2,900 energy-efficient Bitmain S21 Pro miners, projected to generate over $10 million in annual revenue. Since 2022, the company has anchored operations on zero-carbon mining principles and environmental sustainability commitments.
Bitzero’s strategic diversification into HPC mirrors broader industry trends, following similar expansions by firms like Bitfarms and Hive Digital Technologies into AI and data processing. Hive Digital Technologies anticipates its HPC revenue stream will reach $100 million annually.
Amid Bitcoin’s price volatility, the sector is increasingly adopting a ‘Hodl’ strategy to capitalize on current all-time highs exceeding $123,000, optimizing returns during market upswings.