Crypto mining company Bitzero has raised $25 million in funding, with the first batch of funds to be used to purchase 2900 Bitmain S21 Pro mining machines

According to The Block, Bitzero, a cryptocurrency mining company supported by Kevin O'Leary, recently received $25 million in funding to expand its mining operations. The company stated that the first batch of funds will be used to purchase 2900 Bitmain S21 Pro mining machines, which are expected to be deployed within four to six months and can generate approximately $10 million in annual revenue for the company. At the same time, Bitzero is committed to utilizing hydropower and low-carbon energy to promote sustainable development of its data centers in North America and Europe. Mohammed Bakhashwin, the President and CEO of the company, stated that this financing will accelerate the deployment of leading mining technologies and further consolidate Bitzero's leading position in sustainable and profitable data centers.