By Bitzero, the clean energy crypto mining company backed by Shark Tank investor Kevin O’Leary, has raised $25 million to accelerate its growth across North America and Europe.
The funds will support the purchase and deployment of 2,900 Bitmain S21 Pro miners over the next four to six months, a move expected to boost annual revenue by $10 million.
Unlike most miners, Bitzero owns its entire infrastructure—including land, energy sources, and equipment—positioning it for long-term sustainability.
The firm also plans to expand its role as a green infrastructure provider for AI and cloud services beyond Bitcoin mining.
New hardware expected to generate $10 million annually
Bitzero’s latest funding round will enable the purchase of 2,900 high-efficiency Bitmain S21 Pro miners.
According to the company, the machines will be installed within four to six months and are expected to contribute an additional $10 million in annual revenue.
The new hardware also aims to lower Bitzero’s breakeven point, improving profit margins in an increasingly competitive mining market.
The firm operates in cold-climate regions like Norway, Finland, and North Dakota, where lower temperatures reduce energy needs and costs.
These areas also offer access to low-carbon, renewable power, helping Bitzero maintain environmentally conscious operations while enhancing long-term profitability.
Bitzero owns its land, energy, and facilities
In an industry where many miners rent space from third-party data centres, Bitzero has adopted a fully integrated model.
The company owns its physical assets, including the energy infrastructure that powers its mining and computing operations.
This level of control enables better management of operational costs and scalability.
This infrastructure-focused approach has become a strategic differentiator.
By reducing reliance on external providers and minimising exposure to fluctuating energy prices, Bitzero has created a more stable and efficient business model.
The current expansion will further consolidate its position in the clean mining and data centre sectors.
Data centre buildout aims to serve AI and cloud clients
Bitzero’s plans go beyond Bitcoin mining. The company is constructing four large-scale data centres across its locations in Norway, Finland, and North Dakota.
These are designed to meet the growing demand for high-performance computing needed in artificial intelligence, cloud storage, and enterprise IT.
The upcoming facilities are intended to deliver computing power with minimal environmental impact, aligning with Bitzero’s commitment to sustainable infrastructure.
The company positions itself as a “clean infrastructure provider” focused on long-term utility across emerging technology ecosystems.
Kevin O’Leary backs Bitcoin over Ethereum
Investor Kevin O’Leary, who has invested in Bitzero, continues to favour Bitcoin over other digital assets.
Speaking to CoinDesk, he described Bitcoin as the go-to asset for those seeking crypto exposure, stating that many investors choose Bitcoin alone for its proven volatility and value proposition.
O’Leary also expressed scepticism about Ethereum’s performance, criticising it for being “slow” and inefficient under heavy transaction loads.
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