Metavesco's Bitcoin Mining Expansion with Bitmain S21+ Miners FAQ
Summary
Metavesco, Inc. is expanding its Bitcoin mining capabilities by acquiring high-efficiency Bitmain Antminer S21+ units, increasing its hashrate by 11.5% and reinforcing its position in the institutional mining sector.
What is Metavesco’s latest announcement about?
Metavesco 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 its balance sheet and positioning the company firmly in the institutional miner category with access to more profitable mining pools.
How does the Bitmain Antminer S21+ contribute to Metavesco’s mining operations?
The Bitmain Antminer S21+ 235TH units are high-efficiency miners that add 3,000 TH/s to Metavesco’s mining capacity, enabling the company to produce Bitcoin at an estimated cost of $55,000 per coin while Bitcoin trades near $120K.
When will the new mining units be installed?
Installation of the new Bitmain Antminer S21+ units is set to begin this week.
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 balance-sheet strength with minimum dilution to shareholders.
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 enhance shareholder value.
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.
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