Metavesco, Inc. (OTC: MVCO) has announced a strategic expansion of its Bitcoin mining operations through the acquisition of Bitmain Antminer S21+ 235TH units, marking a significant leap in its mining capabilities. This move is set to increase the company's total hashrate by approximately 3,000 TH/s, an 11.5% enhancement in fleet-wide capacity. The S21+ models are renowned for their efficiency, currently producing Bitcoin at a cost of $55,000 per coin, a figure that stands in stark contrast to the market price of Bitcoin, which hovers near $120,000.
Ryan Schadel, President and CEO of Metavesco, emphasized the strategic importance of this expansion, stating, 'Every new miner is a brick in the fortress we’re building.' The addition of these high-efficiency miners not only allows Metavesco to produce Bitcoin at a substantial discount to market prices but also elevates the company into the institutional miner category, granting access to larger and more profitable mining pools.
This expansion is part of Metavesco's broader dual-asset digital treasury strategy, which also includes a significant position in Ethereum. Schadel described Bitcoin as the company's 'digital gold' and Ethereum as 'the infrastructure layer of global finance,' highlighting a strategy focused on acquiring high-conviction digital assets through mining and strategic purchases to strengthen the balance sheet with minimal shareholder dilution.
The implications of this expansion are manifold. For the cryptocurrency industry, Metavesco's increased mining capacity underscores the growing institutional interest in Bitcoin mining as a viable and profitable venture. For investors and shareholders, the move signals Metavesco's commitment to leveraging cutting-edge technology and strategic asset acquisition to drive long-term value. Moreover, the efficiency of the new S21+ miners could set a benchmark for cost-effective Bitcoin production, potentially influencing mining strategies across the sector.
For more information on Metavesco's mining operations and strategic initiatives, visit https://www.newmediawire.com.
