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Swan Bitcoin Expands into Mining, Plans Public Listing
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Swan Bitcoin, a firm specializing in Bitcoin-focused financial services, has recently launched its bitcoin mining unit named Swan Mining.
According to Swan Bitcoin’s recent announcement, the “stealth mode” Swan Mining began operating in Summer 2023 and has already mined 750 Bitcoins to date. The operation is currently mining at 4.5 exahash per second (EH/s) and aims to exceed 8 EH/s by March 2024.
The 4.5 EH/s mining power means that “around 1 of every 100 Bitcoins mined globally is mined by Swan,” and the company has purchased more equipment for its 8 EH/s goal.
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