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>>Bitzero, a company supported by Kevin O’Leary, has secured $25 million in funding to expand its Bitcoin mining operations.

Bitzero, a company supported by Kevin O’Leary, has secured $25 million in funding to expand its Bitcoin mining operations.

crypthub

7/24/2025, 2:04:15 PM

Bitzero Secures $25 Million Funding

Bitzero, a crypto mining company, has successfully raised $25 million backed by Kevin O’Leary. The funds will be utilized to expand mining and data center operations throughout North America and Europe. The company intends to purchase 2,900 Bitmain S21 Pro miners for deployment in the coming months. This investment signals a significant push for growth in the crypto mining sector.

Unique Infrastructure Approach

Unlike many miners, Bitzero owns its land, energy resources, and equipment. This strategic approach grants better control over energy costs and contributes to long-term profitability. The company’s operations are currently located in Norway, Finland, and North Dakota, leveraging colder climates. This infrastructure setup allows for sustainable and cost-effective mining operations.

Expanding Beyond Bitcoin

Bitzero aims to evolve into a clean infrastructure provider for AI, cloud computing, and enterprise workloads, beyond just Bitcoin mining. They are constructing four large-scale data centers for high-performance computing with minimal environmental impact. The company’s mission focuses on delivering computing power with reduced environmental consequences.

Kevin O’Leary's Crypto Stance

Kevin O’Leary remains a strong supporter of the crypto industry, particularly favoring Bitcoin over Ethereum. He highlights Bitcoin's continued appeal for exposure to crypto volatility. O'Leary critiques Ethereum's perceived slowness and inefficiency as transaction volumes increase.