Swan Bitcoin unveils mining arm, eyes public listing within 12 months

Bitcoin-focused financial services firm Swan Bitcoin revealed it launched a new Bitcoin mining venture in the summer of last year to expand its institutional offerings and is now "actively working" to become a publicly traded company within the next 12 months.

Swan Mining, which had launched and operated in “stealth mode,” has already mined 750 Bitcoin (BTC) from its current hash rate capacity of 4.5 exahashes per second (EH/s), the parent company said on Jan. 25.

The firm expects its hash rate capacity to exceed 8 EH/s when it deploys new mining equipment in March.

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Jan-26-2024 09:41:15 AM