Northwire Canada EditionWednesday, July 22, 2026
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Production / Operations

Bitzero Holdings Inc. Shares Operational Update

BITZ · Price

Executive Summary

  • Bitzero Holdings reports a 59% increase in hash‑rate to ~2.80 EH/s, up from 1.76 EH/s reported in September 2025.
  • The company is on track with a 110 MW expansion expected to be energized by Q4 2026, which could support ~10 EH/s; a further phase may bring total capacity to ~325 MW (~30 EH/s) by Q4 2027.
  • Energy costs remain low at roughly US$0.03–0.035 per kWh, supporting improved revenue generation and profitability.

Key Details

  • Current Hash‑rate: ≈2.80 EH/s (≈59% increase vs. 1.76 EH/s).
  • Bitcoin Production: ~1.1 BTC/day at current hash‑rate (subject to network conditions).
  • Energy Cost (Dec 2025): US$0.04/kWh; Daily energy cost US$38,400.
  • Monthly Mining Metrics (Dec 2025):
  • Total Hash‑rate: 2.45 EH/s
  • Average Operational Hash‑rate: 2.37 EH/s
  • Bitcoin mined in month: 29.31 BTC
  • BTC per EH/s: 12.37 BTC/EH/s
  • Expansion Phase 1: 110 MW of energized capacity slated for Q4 2026; projected to support ~10 EH/s if fully allocated to Bitcoin mining.
  • Potential Expansion Phase 2: Targeted completion Q4 2027; would raise total energized capacity to ≈325 MW, enabling up to ~30 EH/s.
  • CEO Quote: “The steady growth of our compute power is a direct reflection of our disciplined execution and long‑term strategy… we are scaling efficiently, strengthening our infrastructure, and positioning the company to capture meaningful value as the Bitcoin network continues to evolve.” – Mohammed Bakhashwain, CEO & President.

Notable Quotes

  • “The steady growth of our compute power is a direct reflection of our disciplined execution and long‑term strategy,” said Mohammed Bakhashwain, CEO and President of Bitzero.
  • “With our expansion well underway, we're scaling efficiently, strengthening our infrastructure, and positioning the company to capture meaningful value as the Bitcoin network continues to evolve.” – Mohammed Bakhashwain.
Read the original news release →

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