Good news for the cryptocurrency market continues, or at least the fact that Swan Bitcoin has revealed that it launched a new BTC mining company is good news, and well worth sharing.
In the words of Brayden Lindrea, "Bitcoin-focused financial services firm Swan Bitcoin revealed that it launched a new BTC mining company in the summer of last year to expand its institutional offerings and is now "actively working" to become a public company in the next 12 months."
According to information uploaded to the X portal by Swan Media @Swan, "The funding model for Swan's mining business uses no debt and its entities are legally segregated from the rest of Swan's business."
Swan Mining launched in stealth mode to avoid causing disruptions in the pricing of ASIC miners, revealed Swan Mining's chief investment officer and head of Swan Mining, Rapha Zagury.
Swan also emphasized that its financial services division remains "healthy" and continues to grow. The firm says it generated USD 125 million in revenue in the last 12 months and doubled its headcount.
SOURCES CONSULTED
Cointelegraph. Swan Bitcoin unveils mining arm, eyes public listing within 12 months. Link
OBSERVATION:
The cover image does not belong to the author: @lupafilotaxia, the image was taken from: Cointelegraph
