Metavesco Enhances Bitcoin Mining Capabilities with Bitmain S21+ Miners

Metavesco, Inc. has announced a strategic expansion of its Bitcoin mining operations through the acquisition of Bitmain Antminer S21+ 235TH units, marking a significant enhancement in its mining capabilities. This move is expected to increase the company's total hashrate by approximately 3,000 TH/s, representing an 11.5% increase in fleet-wide capacity. The new units, which are set to begin installation immediately, 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 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.' The acquisition of these high-efficiency miners allows Metavesco to produce Bitcoin at a substantial discount to market prices, thereby enhancing the company's balance sheet with each block mined. This expansion not only solidifies Metavesco's position within the institutional miner category but also grants access to larger and more profitable mining pools.

This latest development is part of Metavesco's broader strategy to build a dual-asset digital treasury, combining its Bitcoin mining operations with a recently announced Ethereum position. Schadel described Bitcoin as the company's 'digital gold' and Ethereum as 'the infrastructure layer of global finance,' highlighting the strategic approach to acquiring high-conviction digital assets. This strategy aims to maximize long-term shareholder value, capital efficiency, and non-dilutive growth.

For more information on Metavesco's operations and strategic initiatives, visit https://www.metavesco.com. The company's forward-looking statements, as outlined in the press release, underscore the potential risks and uncertainties inherent in such strategic expansions and investments.