GRNBIT Cayman Holdings, in collaboration with CV5 Capital, has launched the GrnBit Sustainable Development and Social Impact Bitcoin Fund SP. This Cayman Islands-regulated fund offers qualified investors equity in a 12-megawatt Bitcoin mining facility located in Alabama. The facility, which can expand to 32 megawatts, boasts a power cost of $0.036 per kilowatt-hour, making it more cost-effective than passive Bitcoin holding.
The Alabama facility utilizes advanced water-cooling technology and draws power from TVA nuclear and hydroelectric sources. It also incorporates AI optimization to enhance operational efficiency. The initiative supports local employment and includes a community profit-sharing model. Despite Bitcoin's current price hovering around $93,300, the facility's output is designed to be independent of market price fluctuations, focusing instead on operational efficiency.
GRNBIT Launches Bitcoin Mining Fund with 12-Megawatt Alabama Facility
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
