Metavesco Enhances Bitcoin Mining Capabilities with Bitmain S21+ Miners, Increasing Hashrate by 11.5%

Metavesco, Inc. (OTC: MVCO), a diversified holding company, has announced a strategic expansion of its Bitcoin mining operations through the acquisition of Bitmain Antminer S21+ 235TH units. This move is set to increase the company's total hashrate by approximately 3,000 TH/s, marking an 11.5% enhancement in its fleet-wide mining capacity. The new miners, known for their high efficiency, are currently producing Bitcoin at a cost of $55,000 per coin, a figure significantly below the current market price of around $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.' With Bitcoin prices hovering near all-time highs, the addition of these S21+ units enables Metavesco to produce Bitcoin at a substantial discount to market value, thereby enhancing the company's balance sheet with each block mined. This expansion not only solidifies Metavesco's status within the institutional miner category but also grants access to larger and more profitable mining pools.

The fleet expansion is a key component of Metavesco's dual-asset digital treasury strategy, which also includes a recently announced position in Ethereum. Schadel described Bitcoin as the company's 'digital gold' and Ethereum as 'the infrastructure layer of global finance,' highlighting a strategic focus on acquiring high-conviction digital assets through mining and opportunistic purchases. This approach aims to build balance-sheet strength while minimizing shareholder dilution.

For more information on Metavesco's innovative strategies and market solutions, visit https://www.metavesco.com. The company's forward-looking statements, as detailed in the press release, underscore its commitment to growth and operational efficiency, albeit with an acknowledgment of the inherent risks and uncertainties in such ventures.