Bitzero Secures $25 Million for Bitcoin Mining Expansion and HPC Strategy
VANCOUVER, Canada – Bitzero, a leading Bitcoin miner and data center operator, has announced the successful closure of a $25 million funding round to accelerate its business growth and further its strategic pivot towards high-performance computing (HPC) and sustainability.
Funding and Operational Plans
The funding will be allocated to acquire 2,900 Bitmain S21 Pro mining rigs. Deployment of this hardware is scheduled over the next four to six months and is expected to contribute approximately $10 million in additional revenue.
Strategic Shift
Based in Vancouver and operating data centers in North America and Europe, Bitzero stated that its expansion focuses on high-margin opportunities while highlighting its commitment to environmental sustainability – a core tenet underscored by its pioneering zero-carbon mining initiatives, which it began exploring as early as 2022.
The company’s investor and Shark Tank personality Kevin O’Leary confirmed participation in this round.
Broader Industry Trend
Bitzero is part of a larger trend among miners. Earlier this week, competitor Bitfarms announced plans to rebrand and enter the HPC market, leveraging its existing energy infrastructure in Pennsylvania. Similarly, Hive Digital Technologies began transitioning to HPC and AI centers in 2022; its HPC segment has an estimated annual revenue runrate of $20 million, set to reach $100 million by 2026.
Market Pressures Driving Diversification
Rising operational pressures, including reduced block rewards from Bitcoin halving events, increasing electricity costs, and maintenance needs, have pushed several miners towards diversifying their operations.
The emergence of the high-growth AI market has provided a compelling opportunity, enabling miners to repurpose existing GPU resources and upgrade infrastructure towards HPC applications.
Beyond diversification, some miners have adopted long-term holding (“Hodl”) strategies, proving lucrative amid Bitcoin’s recent sustained rallies, including recent price milestones surpassing $123,000.
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*Disclaimer: This article reflects prevailing market conditions at the time of reporting, potentially not inclusive of the provided date format (‘2025-07-01’).*
