Swan Bitcoin Unveils Mining Arm, Eyes Public Listing Within 12 Months

Swan Bitcoin newly revealed mining arm has Already mine 750 Bitcoin Since launch last summer, with A current chop rate of 4.5 exhale by second.

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Focused on Bitcoin financial services farm Swan Bitcoin revealed he spear A new Bitcoin mining adventure In THE summer of last year has develop It is institutional offerings And East NOW "actively functioning" has become A publicly negotiated business In THE following 12 month.

Swan Mining, which had spear And exploited In "stealth fashion," has Already mine 750 Bitcoin (BTC) Since It is current chop rate ability of 4.5 exasperated by second (EH/s), THE parent the company said on Jan. 25.

THE farm waits It is chop rate ability has exceed 8 EH/s When he deploy new mining equipment In March.

‼️⚒️ SWAN MINING EAST HERE ‼️⚒️

We have has been functioning hard on A big opportunity that came OUR path last year, And Today, were excited has bring OUR mining operation out of stealth fashion.

Were mining around 4.5 eh -- closing In on 1% of THE network -- with equipment In hand to…

— Swan Media (@Swan) January 25, 2024

Swan said THE pattern has launch A mining unit was part of It is plan has build A more "complete" Bitcoin company.

"Having skin In THE game by contributing has to secure THE Bitcoin network East part of that effort. »

Swan Also underlines that It is mining business won't faucet In debt And guard It is balance leaf separated Since It is other business arm.

"THE funding model For The Swan mining business uses No debt, And It is entities are legally separated Since THE rest of The Swan business. »

THE farm said he for has divide It is following Series VS funding also among It is finance...