Metavesco Continues Bitcoin Mining Fleet Expansion as Bitcoin Hits New All-Time High

Core Insights - Metavesco, Inc. has enhanced its Bitcoin mining capabilities by adding new Bitmain Antminer S21+ 225 TH/s miners, increasing its total hashrate to over 29,500 TH/s, which represents a roughly 9% increase in mining power as Bitcoin reaches a new all-time high [1][2]. Company Strategy - The company is adopting a disciplined approach to scale its mining operations, focusing on acquiring next-generation miners when favorable deals arise while planning to retire older units as part of a fleet modernization strategy [2]. - The addition of the S21+ models, known for their efficiency, is expected to significantly improve Metavesco's overall efficiency and long-term profitability potential [2]. Market Position - With Bitcoin hitting record highs, the timing of these investments is seen as optimal, as the company aims to build a lean and powerful mining operation that can compound returns through various market cycles, thereby creating lasting value for shareholders [3]. Company Overview - Metavesco, Inc. is a diversified holding company that focuses on acquiring and managing assets across multiple sectors, including consumer packaged goods and staffing services, with a commitment to long-term growth through organic expansion and strategic acquisitions [3].