Swan Bitcoin Unveils Mining Unit as Parent Company Prepares to Go Public
Summary
Swan Bitcoin has launched Swan Mining with 160MW computing power, funded by institutional investors with over $100 million. It plans to raise more capital and expand operations. The move comes ahead of the bitcoin halving event, prompting miners to prepare for increased competition. Swan Mining aims to increase its computing power by 44% by March and has already mined over 750 bitcoin. Its parent company, Swan Bitcoin, raised $205 million last year and plans to go public within the next 12 months.
