Metavesco, Inc. (OTC: MVCO) has taken a significant step forward in its Bitcoin mining operations by acquiring Bitmain Antminer S21+ 235TH units. This acquisition is expected to increase the company's total hashrate by approximately 3,000 TH/s, representing an 11.5% boost in mining capacity. With the new miners, Metavesco anticipates producing Bitcoin at a cost of $55,000 per coin, which is considerably lower than the current market price of around $120,000, thereby securing a competitive margin advantage.
Ryan Schadel, President and CEO of Metavesco, highlighted the strategic importance of this expansion, likening each new miner to a foundational element in the company's growth strategy. The introduction of these high-efficiency miners not only enhances Metavesco's production capabilities but also elevates the company to the institutional miner category, enabling participation in larger and more lucrative mining pools.
This expansion aligns with Metavesco's dual-asset digital treasury strategy, which also encompasses a recent investment in Ethereum. Schadel articulated the company's vision, describing Bitcoin as its 'digital gold' and Ethereum as 'the infrastructure layer of global finance.' This approach underscores Metavesco's commitment to fostering long-term shareholder value through strategic, non-dilutive growth and capital efficiency.
The acquisition of the Bitmain Antminer S21+ units is a testament to Metavesco's dedication to adopting advanced technology to optimize its mining operations. For those interested in learning more about Bitmain's mining solutions, further details can be found at https://www.bitmain.com. This strategic initiative not only consolidates Metavesco's standing in the cryptocurrency mining sector but also underscores the critical role of operational efficiency in navigating the challenges of rising competition and energy expenses in the industry.
