Bitcoin

<div class="coinjournal">
 <ul>
 <li dir="ltr">Swan Mining started its operations in the summer of 2023, and has mined over 750 BTC.</li>
 <li dir="ltr">Currently, it has 4.5 exahash and expects to exceed 8 exahash by March.</li>
 </ul>
 Swan Bitcoin, a US-based investment platform focused Bitcoin (BTC), has announced Swan Mining, the company’s mining arm that had been operating in stealth mode.
 The company’s Bitcoin <a rel="noopener noreferrer nofollow" title="mining" href="https://thebittimes.com/tag/mining.html">mining</a> arm launched its operations in July 2023, the company said in a press release on Thursday, noting that it has so far <a rel="noopener noreferrer nofollow" title="mined" href="https://thebittimes.com/tag/mined.html">mined</a> over 750 bitcoins.
 Swan Mining currently contributes 4.5 exahash to the Bitcoin network, the firm added. The <a rel="noopener noreferrer nofollow" title="mining" href="https://thebittimes.com/tag/mining.html">mining</a> unit expects its <a rel="noopener noreferrer nofollow" title="mining" href="https://thebittimes.com/tag/mining.html">mining</a> capacity to increase to more than 8 exahash by March, 2024.
 “Swan Mining is a great example of our company thesis playing out. With our exclusive focus on Bitcoin adoption and helping the industry grow, we continue to attract the talent, opportunities, and capital required to launch new <a rel="noopener noreferrer nofollow" title="business" href="https://thebittimes.com/tag/business.html">business</a> lines and grow them rapidly,” Swan founder and CEO Cory Klippsten said:
 <h2 dir="ltr" id="swan-also-eyeing-public-listing">Swan also eyeing public listing</h2>
 According to today’s announcement, Swan Mining’s business uses a funding model that has no debt. Also notably, the mining platform has legally segregated its entities from the rest of Swan Bitcoin’s business.
 Swan, which has seen a rapid expansion over the past year, with its revenue surpassing $125 million, says it’s eyeing a Series C financing. Targeted for conclusion over coming months, raised capital will be split between the company’s financial services, <a rel="noopener noreferrer nofollow" title="mining" href="https://thebittimes.com/tag/mining.html">mining</a>, and acquisitions divisions.
 Klippsten has also hinted at Swan’s push for a US public listing, with the company looking at the next 12 months.
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/swan-bitcoin-announces-mining-business-revealing-750-btc-mined-tbt77767.html">https://thebittimes.com/swan-bitcoin-announces-mining-business-revealing-750-btc-mined-tbt77767.html</a>

Swan Bitcoin announces mining business, revealing 750 BTC mined

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