Metavesco, Inc. (OTC: MVCO) has taken a significant step forward in its Bitcoin mining operations by acquiring Bitmain Antminer S21+ 235TH units. This strategic acquisition is expected to boost the company's total hashrate by approximately 3,000 TH/s, representing an 11.5% increase in fleet-wide capacity. The efficiency of the S21+ models is a key factor in this expansion, with the cost of producing new Bitcoin standing at $55,000 per coin, well below the current market price of around $120,000.
Ryan Schadel, President and CEO of Metavesco, highlighted the strategic importance of this move, likening each new miner to a building block in the company's growing fortress. This expansion not only enhances Metavesco's mining capacity but also improves its standing in the institutional mining category, opening doors to larger and more lucrative mining pools.
This development is part of Metavesco's comprehensive dual-asset digital treasury strategy, which also includes a recent investment in Ethereum. Schadel has articulated a clear vision for the company's asset strategy, with Bitcoin serving as 'digital gold' and Ethereum as 'the infrastructure layer of global finance.' This approach underscores Metavesco's commitment to acquiring high-conviction digital assets to fortify its balance sheet while minimizing shareholder dilution.
For further details on Metavesco's strategic initiatives and operational updates, interested parties can visit https://www.metavesco.com. Additionally, the company's forward-looking statements and potential business impacts are detailed in its filings available at https://www.otcmarkets.com.
