Bitcoin miners pivot to HPC: Bitzero raises $25M to expand into high-margin data centers
Bitzero is among several Bitcoin mining companies that have embraced the HPC and data center business.
Bitzero has secured $25 million in funding to expand its business operations, as the Bitcoin miner and data center operator continues its strategic shift toward high-margin, high-performance computing (HPC) while emphasizing environmental sustainability.
The funds will be used to acquire 2,900 Bitmain S21 Pro miners, with deployment scheduled over the next four to six months. This expansion is projected to generate an additional $10 million in revenue.
Based in Vancouver, Canada, Bitzero operates data centers across North America and Europe. The company counts investor and Shark Tank personality Kevin O’Leary among its backers.
