Today, BTC-only exchange Swan Bitcoin unveiled its new mining division, Swan Mining, which was previously operating in stealth mode, according to a press release sent to Bitcoin Magazine. The division is now positioned under Swan Institutional, with a focus on securing the Bitcoin network while contributing to the expansion of energy production and stabilization of electrical grids.

Having commenced operations in Summer 2023, Swan Mining is already a substantial contributor to the Bitcoin network, providing 4.5 exahash, according to the release. With plans to enhance its capacity to over 8 exahash, the unit has rapidly purchased and deployed mining equipment, expecting full deployment by…

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