Bitzero raises $25M for green mining expansion amid BlackRock Ethereum ETF hype

Blackrock Ethereum ETF optimism is creating ripple effects across the digital asset space, and Bitzero, backed by Shark Tank’s Kevin O’Leary, has seized the momentum.

The sustainable crypto mining firm announced it has raised $25 million in fresh capital to supercharge its clean energy mining infrastructure—a strategic play aligned with shifting institutional sentiment sparked by the Blackrock Ethereum ETF surge.

In the wake of institutional giants like Blackrock pushing into Ethereum ETFs, miners are looking to align with ESG standards that meet institutional demands.

Bitzero, a rising force in the clean mining movement, is leveraging this wave to deploy 2,900 Bitmain S21 Pro miners, machines renowned for their energy efficiency.

Strategic scaling with green infrastructure

The Blackrock Ethereum ETF narrative has heightened scrutiny on blockchain’s environmental footprint. Bitzero’s expansion couldn’t be better timed.

“Our mission has always been to prove that blockchain infrastructure can thrive in harmony with investors, communities, and the environment,” said Mohammed Bakhashwain, President and CEO of Bitzero.

The new funds, raised from undisclosed backers, will enable the deployment of high-efficiency mining rigs that consume just 15 joules per terahash—a massive improvement over older models.

Bitzero projects $10 million in annual revenuefrom the rollout, expected within four to six months.

What distinguishes Bitzero in this post-Blackrock Ethereum ETF world is its clean energy commitment.

Its flagship data center in Namsskogan, Norway, runs entirely on hydropower—an infrastructure blueprint designed to set a new industry standard.

“This capital helps us scale without sacrificing sustainability,” added Bakhashwain.

The company’s European operations have proven profitable while staying environmentally friendly, positioning Bitzero as a key player in the green blockchain economy, a fast-growing niche since Blackrock’s institutional involvement has spotlighted ESG metrics in crypto.

Opaque backers, clear visions

Though the $25 million injection comes from unnamed investors, the move underscores a broader shift: sustainability is now central to digital asset infrastructure.

Industry watchers say institutional-grade products like the Blackrock Ethereum ETF are encouraging a more compliant and eco-friendly mining ecosystem.

“Funds are flowing into mining firms that can meet the ESG demands of the next wave of crypto ETFs,” said Meltem Demirors, Chief Strategy Officer at CoinShares. “Bitzero is smartly aligning with the direction this market is headed.”

Despite the green push, old dynamics persist. According to Batyr Hydyrov, CEO of Uminers, 55% to 65% of global Bitcoin mining operations still trace back to Chinese roots, despite Beijing’s 2021 crypto mining ban.

“The Chinese have simply moved operations offshore. They’re still the backbone of the mining hardware supply chain,” Hydyrov noted.

Chinese giants like Bitmain, Canaan, and MicroBT, responsible for 99% of global mining hardware, have relocated production to the U.S., bolstering America’s share of the global hashrate from 4% in 2019 to 38% today.

Blackrock Ethereum ETF impact: Cleaner, smarter, bigger

The Blackrock Ethereum ETF has sent a clear signal—crypto must evolve, and firms like Bitzero are leading the charge.

Their recent funding round highlights growing investor interest in sustainable mining infrastructure, the kind that institutions will be willing to support long-term.

This isn’t just about clean energy—it’s about institutional readiness, said Matthew Sigel, head of digital assets research at VanEck.

“The Blackrock Ethereum ETF launch was a tipping point. Projects now must be not only profitable but also ESG-compliant if they want serious capital.”

Lone wolves and big wins

Amid institutional power plays, retail miners are still finding success. Earlier this month, a solo miner stunned the network by mining block 903883 solo through CKpool, earning $350,000 in Bitcoin rewards using a rig with just 2.3 PH/s—a David vs. Goliath win in today’s mining landscape.

The latest Bitzero funding highlights how the Blackrock Ethereum ETF has changed the game.

Clean, scalable, and institutionally palatable operations are now the gold standard. As the ETF arms race accelerates, sustainable miners like Bitzero may well define the next chapter in crypto’s evolution.