Metavesco, Inc. (OTC: MVCO) has announced a significant upgrade to its Bitcoin mining operations with the acquisition of Bitmain Antminer S21+ 235TH units. This strategic move is set to increase the company's total hashrate by approximately 3,000 TH/s, marking an 11.5% enhancement in its mining capacity. The new miners are currently producing 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 high, the addition of these efficient mining units allows Metavesco to produce Bitcoin at a significant discount to market prices, thereby adding substantial value to the company's balance sheet. This expansion not only boosts Metavesco's mining capacity but also elevates the company into the institutional miner category, granting 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 an Ethereum position. Schadel described Bitcoin as 'digital gold' and Ethereum as 'the infrastructure layer of global finance,' highlighting the company's approach to acquiring high-conviction digital assets in a manner that strengthens the 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 growth and shareholder value in the volatile cryptocurrency market.
