Investview will increase the hash rate by 50% from renewable energy sources

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Investview is a fintech company with diversified investments in educational tools, content, research and digital asset technology management. This includes a primary focus on Bitcoin mining.

Investview expands its mining operation through its subsidiary SAFETek where it “entered into a transaction to expand its Bitcoin mining farm operation through the purchase and planned deployment by the end of its third quarter of 1,705 new mining servers ASIC Whatsminer M30s”.

The goal of this deployment is for the majority of their miners to be powered by low-carbon and renewable energy sources. Once all the infrastructures are in place, the company will have 99.50% of its mining operations using the latest generation miners.

Increasing the load by 100 petahash will bring the company’s total mining capacity to around 400+ petahash per second. The European company is proud to supply nearly 100% of its mining capacity by geothermal energy and hydroelectricity.

Rob Walther, Executive Vice President of SAFETek was saying quoted“SAFETek has significantly reduced its direct energy and operational costs since relocating the majority of its miners to Europe, aided by the level of excess renewable energy sources and favorable weather conditions.”

The company’s CEO is aware of the opportunities presented by lower prices and the ability to build infrastructure for lower CAPEX. Victor Oviedo expressed his optimism for the industry adding that the company was excited about the opportunity presented by the current market. Stating that he was aware that the price was $22,000 and acknowledging that this lower price was ideal for building new infrastructure as they had just purchased new miners. Lower acquisition costs for mining machines due to lower Bitcoin prices was one of the main reasons for this decision.

  • Investview increases its mining capacity by 50% while powering its latest generation of miners via renewable resources (hydro and geothermal).
  • By the end of the third quarter, 1,705 new Whatsminer M30s ASIC mining machines will be installed.

Bear markets are for building

As Investview’s CEO expressed, the company understands that the profits from construction during bear markets will be reaped by those who take the time to take advantage of lower prices during times of uncertainty.

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