Metavesco's Bitcoin Mining Expansion with Bitmain S21+ Miners FAQ
Summary
Metavesco, Inc. announces a significant expansion of its Bitcoin mining capabilities by acquiring high-efficiency Bitmain Antminer S21+ 235TH units, boosting its hashrate by 11.5% and reinforcing its position in the institutional miner category.
What is Metavesco’s latest announcement about?
Metavesco has announced the expansion of its Bitcoin mining fleet with the acquisition of Bitmain Antminer S21+ 235TH units, increasing its total hashrate by approximately 3,000 TH/s, an 11.5% jump in fleet-wide capacity.
Why is this expansion significant for Metavesco?
This expansion allows Metavesco to produce Bitcoin at a cost significantly lower than the market price, enhancing balance sheet value and positioning the company firmly in the institutional miner category with access to larger, more profitable mining pools.
How does the Bitmain Antminer S21+ contribute to Metavesco’s mining efficiency?
The Bitmain Antminer S21+ 235TH units are high-efficiency miners currently producing new Bitcoin at a cost of $55,000 per coin, enabling Metavesco to mine Bitcoin at a massive discount to the market price.
When will the new mining units be installed?
Installation of the new Bitmain Antminer S21+ units is set to begin this week, as announced in the press release.
What is Metavesco’s dual-asset digital treasury strategy?
Metavesco’s strategy involves holding both Bitcoin and Ethereum, viewing Bitcoin as digital gold and Ethereum as the infrastructure layer of global finance, to build long-term shareholder value with minimal dilution.
Who is leading Metavesco’s Bitcoin mining expansion?
Ryan Schadel, President and CEO of Metavesco, is leading the company’s Bitcoin mining expansion, emphasizing the strategic acquisition of high-conviction digital assets to strengthen the balance sheet.
Where can I find more information about Metavesco’s operations?
More information about Metavesco’s operations and financial filings can be found on otcmarkets.com, and inquiries can be directed to Ryan Schadel at [email protected] or 678-341-5898.
What are the estimated production costs and current market price of Bitcoin mentioned?
The estimated production cost for Bitcoin with the new miners is ~$55K per BTC, while Bitcoin is trading near $120K, highlighting the cost efficiency of Metavesco’s mining operations.
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