Crypto mining firm Bitzero secures $25 million in funding to expand mining operations

According to a report by The Block, covered by Jinse Finance, cryptocurrency mining company Bitzero has secured $25 million in funding to expand its mining operations. The company plans to use part of the funds to purchase 2,900 Bitmain S21 Pro mining machines. Bitzero stated that these high-efficiency devices will be fully deployed within four to six months, are expected to generate an additional $10 million in annual revenue, and will further lower the company’s breakeven point. Company President and CEO Mohammed Bakhashwain said, "This new funding enables us to continue building on our success, accelerate the deployment of top-tier mining technology, and expand our leadership in the sustainable and profitable data center sector."