Bitzero, a Bitcoin mining and data center operator, has raised a substantial $25 million in funding to broaden its operations. This financial injection will facilitate Bitzero’s transition towards high-margin, high-performance computing (HPC) with an emphasis on environmental sustainability.
The raised funds will be allocated to the purchase of 2,900 Bitmain S21 Pro miners, scheduled for deployment in the coming four to six months. This strategic expansion is forecasted to generate an extra $10 million in revenue.
Headquartered in Vancouver, Canada, Bitzero manages data centers in North America and Europe. It is noteworthy to mention that Kevin O’Leary, a renowned investor and Shark Tank personality, is among its supporters.
Bitzero initiated its carbon-neutral mining drive as early as 2022, beginning its journey in Norway through a collaboration with local authorities. Since then, the company has continued to grow its presence in the HPC arena.
Bitzero is not the only player undergoing this transformation. Bitfarms, earlier this week, unveiled plans to venture into the HPC and data center sectors, using its Pennsylvania energy portfolio as a strategic advantage. As part of the transition, the company rebranded itself to reflect an expanded focus on AI and HPC, in addition to its primary Bitcoin (BTC) mining operations.
Hive Digital Technologies was one of the pioneers in shifting towards HPC and AI data centers, kicking off its transition in 2022. The company started to report HPC-related revenue in its income statement a year later. Hive’s HPC division is currently running at an annual rate of $20 million, with targets reaching $100 million by 2026.
Bitcoin miners have had to adapt to increasing market pressures. Factors such as reduced block rewards, higher electricity costs, and escalating maintenance requirements have encouraged miners to diversify into other energy-intensive tasks. The surge in AI demand has presented an ideal opportunity for these companies to repurpose or upgrade their infrastructure, especially GPUs, to support AI training and high-performance computing.
In addition to branching out into new workloads, several miners have embraced a “Hodl” strategy, retaining their mined Bitcoin in anticipation of future price increases. This strategy has proved successful in 2024 and 2025, with Bitcoin repeatedly achieving record-breaking highs, most recently exceeding $123,000.
