Vancouver-based Bitzero has secured US$25 million in funding, with plans to purchase 2,900 crypto mining rigs expected to generate an additional US$10 million annually. Though investor details were not disclosed, the ESG-focused company is backed by Kevin O’Leary, a long-time advocate of sustainable bitcoin mining.
Bitzero operates four mining sites across three countries, leveraging hydro, solar, wind, and select gas sources. While major cryptocurrencies have pivoted to less energy-intensive validation systems, Bitzero continues promoting greener mining practices in a market cooling on ESG narratives.
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