Metavesco, Inc. (OTC: MVCO), a diversified holding company, has announced a significant upgrade to its Bitcoin mining operations through the acquisition of Bitmain Antminer S21+ 235TH units. This strategic move is set to boost the company's total hashrate by approximately 3,000 TH/s, marking an 11.5% increase in its mining capacity. The new miners are expected to produce Bitcoin at a cost of $55,000 per coin, a figure that stands in stark contrast to the current market price of Bitcoin, which hovers near $120,000.
Ryan Schadel, President and CEO of Metavesco, emphasized the importance of this expansion, stating, 'Every new miner is a brick in the fortress we’re building.' With Bitcoin prices remaining near all-time highs, the addition of these high-efficiency miners allows Metavesco to generate Bitcoin at a significantly lower cost than the market rate, thereby enhancing the company's balance sheet with each block mined. This expansion not only solidifies Metavesco's position in the institutional mining category but also grants it access to larger and more profitable mining pools.
The fleet expansion is part of Metavesco's broader strategy to build a dual-asset digital treasury, combining Bitcoin mining with its recently announced Ethereum position. Schadel described Bitcoin as 'digital gold' and Ethereum as 'the infrastructure layer of global finance,' outlining a clear strategy focused on acquiring high-conviction digital assets through mining or opportunistic purchases. This approach aims to strengthen the company's balance sheet while minimizing shareholder dilution.
For more information on Metavesco's mining operations and strategic initiatives, visit https://www.newmediawire.com. This expansion underscores Metavesco's commitment to leveraging cutting-edge technology and strategic asset acquisition to drive long-term shareholder value and capital efficiency in the rapidly evolving digital asset space.
