Bitzero Secures $25m in Funding

Crypto and HPC data center firm Bitzero  this week announced it has secured $25 million in funding for its mining operations. A part of the funding will be allocated to the purchase of 2,900 Bitmain S21 Pro miners, with hardware deployment set to be completed within four to six months.

“Our mission has always been to prove that Blockchain infrastructure can thrive in harmony with investors, communities, and the environment,” said Bitzero’s president and CEO, Mohammed Bakhashwain. “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.”

O’Leary, the investor also known as Mr. Wonderful, following his appearances on the US TV show Shark Tank, has been involved with Bitzero for a number of years, and said: "I invested in Bitzero because they're setting a new standard for how data centers should operate in the blockchain and AI era. Last year, O’Leary announced he was backing a large off-grid power and data center project in Alberta, Canada.