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Bitzero did not provide a list of investors involved in the round.
The company also plans to use some of the capital to expand its high-performance computing (HPC) operations amid shifts toward diversification and environmental sustainability.
Industry peers like Hive Digital Technologies are also diversifying into HPC, with Hive expecting to generate up to $100 million in HPC annual revenue by 2026.
Bitzero, a crypto mining company backed by Kevin O’Leary, has raised $25 million to expand its Bitcoin mining and high-performance computing (HPC) operations. The company did not disclose the names or type of investors who participated in the round.
According to the announcement on Thursday, Bitzero plans to use some of the capital to purchase 2,900 Bitmain S21 Pro Miners.
Bitzero has recently shifted toward HPC miners, amid its bid to become a carbon-zero crypto miner. The company has sealed multiple partnerships in Norway for zero-carbon mining operations. Bitzero has focused on zero-carbon operations since 2022, a new approach that positions well in the market as regulators and investors demand stricter environmental standards.
Industry peers like Hive Digital Technologies are also diversifying into HPC, with Hive expecting to generate up to $100 million in HPC annual revenue by 2026. The company reported $20 million in annual HPC revenue in 2025.
“Deployment of this high-efficiency hardware will be completed within four to six months, generating an estimated $10 million in additional annual revenue and driving Bitzero’s market-leading breakeven point even lower,” the company said.
Commenting on the fresh funding, Mohammed Bakhashwain, president and CEO of Bitzero, said in a statement: “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.”
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