Metavesco Enhances Bitcoin Mining Capabilities with Bitmain S21+ Miners

Metavesco, Inc. (OTC: MVCO), a diversified holding company, has announced a significant upgrade to its Bitcoin mining operations through the acquisition of Bitmain Antminer S21+ 235TH units. This strategic move is set to boost the company's total hashrate by approximately 3,000 TH/s, marking an 11.5% increase in its mining capacity. The new S21+ models 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, which hovers 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.' With Bitcoin prices remaining near all-time highs, the addition of these high-efficiency miners allows Metavesco to produce Bitcoin at a significant 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 mining category but also grants access to larger and more profitable mining pools.

The fleet expansion highlights include the addition of Bitmain Antminer S21+ 235THs, which contribute 3,000 TH/s to MVCO’s total mining capacity and represent an 11.5% fleet-wide increase in hashpower. Despite the expansion, the estimated production cost remains at approximately $55,000 per BTC, ensuring profitability in the current market environment.

This mining expansion is part of Metavesco's broader dual-asset digital treasury strategy, which also includes a recently announced Ethereum position. Schadel described Bitcoin as the company's 'digital gold' and Ethereum as 'the infrastructure layer of global finance.' The strategy focuses on acquiring high-conviction digital assets through mining or opportunistic purchases, aiming to build balance-sheet strength with minimal shareholder dilution.

For more information on Metavesco's innovative approach to digital asset acquisition and management, visit https://www.metavesco.com. This expansion underscores Metavesco's commitment to leveraging cutting-edge technology and strategic asset management to drive long-term shareholder value and capital efficiency in the rapidly evolving digital currency landscape.