{"id":25827,"date":"2024-01-25T18:27:14","date_gmt":"2024-01-25T18:27:14","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/swan-bitcoin-announces-mining-business-revealing-750-btc-mined\/"},"modified":"2024-01-25T18:27:14","modified_gmt":"2024-01-25T18:27:14","slug":"swan-bitcoin-announces-mining-business-revealing-750-btc-mined","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/swan-bitcoin-announces-mining-business-revealing-750-btc-mined\/","title":{"rendered":"Swan Bitcoin announces mining business, revealing 750 BTC mined"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/01\/1706205182270-97295c39-2c81-412c-a4d9-97356ca96d7d-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/01\/1706205182270-97295c39-2c81-412c-a4d9-97356ca96d7d-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/01\/1706205182270-97295c39-2c81-412c-a4d9-97356ca96d7d-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/01\/1706205182270-97295c39-2c81-412c-a4d9-97356ca96d7d-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Swan Mining started its operations in the summer of 2023, and has mined over 750 BTC.<\/li>\n<li dir=\"ltr\">Currently, it has 4.5 exahash and expects to exceed 8 exahash by March.<\/li>\n<\/ul>\n<p dir=\"ltr\">Swan Bitcoin, a US-based investment platform focused <a href=\"https:\/\/coinjournal.net\/bitcoin\/\">Bitcoin (BTC)<\/a>, has announced Swan Mining, the company\u2019s mining arm that had been operating in stealth mode.<\/p>\n<p dir=\"ltr\">The company\u2019s <a href=\"https:\/\/coinjournal.net\/news\/tag\/bitcoin-mining\/\">Bitcoin mining<\/a> arm launched its operations in July 2023, the company said in a <a href=\"https:\/\/www.prweb.com\/releases\/swan-bitcoins-mining-arm-comes-out-of-stealth-mode-adding-to-its-institutional-division-302044277.html\" rel=\"noopener noreferrer\" target=\"_blank\"><u>press release<\/u><\/a> on Thursday, noting that it has so far mined over 750 bitcoins.<\/p>\n<p dir=\"ltr\">Swan Mining currently contributes 4.5 exahash to the Bitcoin network, the firm added. The mining unit expects its mining capacity to increase to more than 8 exahash by March, 2024.<\/p>\n<p dir=\"ltr\">\u201c<em>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 business lines and grow them rapidly<\/em>,\u201d Swan founder and CEO Cory Klippsten said:<\/p>\n<h2 dir=\"ltr\">Swan also eyeing public listing<\/h2>\n<p dir=\"ltr\">According to today\u2019s announcement, Swan Mining\u2019s 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\u2019s business.<\/p>\n<p dir=\"ltr\">Swan, which has seen a rapid expansion over the past year, with its revenue surpassing $125 million, says it\u2019s eyeing a Series C financing. Targeted for conclusion over coming months, raised capital will be split between the company\u2019s financial services, mining, and acquisitions divisions.<\/p>\n<p dir=\"ltr\">Klippsten has also hinted at Swan\u2019s push for a US public listing, with the company looking at the next 12 months.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/swan-bitcoin-announces-mining-business-revealing-750-btc-mined\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Swan Mining started its operations in the summer of 2023, and has mined over 750 BTC. Currently, it has 4.5 exahash and expects to exceed 8 exahash by March. Swan Bitcoin, a US-based investment platform focused Bitcoin (BTC), has announced Swan Mining, the [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":25828,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25827"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=25827"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25827\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/25828"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=25827"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=25827"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=25827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}