CBI Invests in Bitcoin Mining with 180 Hydro Servers

Crypto Blockchain Industries (CBI) has acquired 180 S21 Hydro servers for $1.6 million through a partnership with Blockware Solutions. These servers, connected to the Bitcoin network for several months, reportedly generate annual revenue of $1.1 million with a profit of $500,000. This represents a return on investment of over 30%, based on a Bitcoin price of $110,000.

CBI aims to expand this model by acquiring additional server blocks through non-dilutive financing. This move is part of the company's ACE (Acquire, Create, Earn) strategy, illustrating its desire to strengthen its position in the European mining sector. The transaction is the result of block sales of shares to a family office.