Bitzero Holdings mines 29.31 bitcoin in December

Executive Summary

• Bitzero Holdings Inc. reported a 59% increase in its self-mining hash rate to approximately 2.80 EH/s, resulting in daily Bitcoin production of ~1.1 BTC.
• The company successfully reduced its blended power costs to $0.03–$0.035 USD per kWh, improving its operating margin and profitability outlook.
• Bitzero remains on track for two major capacity expansion phases, targeting ~110 MW by Q4 2026 and ~325 MW by Q4 2027, which could scale mining capacity to 10.0 EH/s and 30.0 EH/s respectively.

Key Details

• Hash Rate Growth: Increased from 1.76 EH/s to approximately 2.80 EH/s (+59% since September 2025).
• Daily Production: Currently mining approximately 1.1 Bitcoin per day (subject to network conditions).
• Energy Cost Reduction: Blended power cost lowered to approximately $0.03–$0.035 USD per kilowatt-hour following new power purchase agreements.
• Expansion Phase 1: ~110 MW of energized capacity targeted for completion by Q4 2026, potentially supporting ~10.0 EH/s if fully allocated to Bitcoin mining.
• Expansion Phase 2: ~325 MW of energized capacity targeted for completion by Q4 2027, potentially supporting up to ~30.0 EH/s if fully allocated to Bitcoin mining.
• Strategic Focus: Company continues to leverage clean, low-carbon energy sources across four data center locations in North America and Scandinavia.

Notable Quotes

• "The steady growth of our compute power is a direct reflection of our disciplined execution and long-term strategy," said Mohammed Bakhashwain, chief executive officer and president of Bitzero. "With our expansion well under way, we're scaling efficiently, strengthening our infrastructure and positioning the company to capture meaningful value as the bitcoin network continues to evolve."