Swan Bitcoin mining unit has mined over 750 Bitcoins

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Cointime2024/01/26 00:29

By:Cointime

Swan Bitcoin, an investment platform focused on BTC, has been operating its mining department since July 2023 and has mined over 750 bitcoins. CEO Cory Klippsten said that the electricity of the seven mines is 160 megawatts, which can generate 4.5 exahash of mining power. In addition, three more mines will be launched in March, increasing the overall computing power to 8 exahash. Klippsten said that Swan is working hard to go public within the next 12 months. In December last year, Swan announced that it would allocate $205 million in capital to its stocks, credit, and hedge funds. Swan said that the company's current annual revenue is $125 million and plans to raise Series C financing in the coming months.

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