Swan Bitcoin Launches Mining Venture, Plans For Public Listing

Swan Bitcoin, a Bitcoin-focused financial services firm, has disclosed the launch of its Bitcoin mining venture, Swan Mining, which has been operating in stealth mode since last summer. The company aims to expand its institutional offerings and is actively pursuing a public listing within the next 12 months. Swan's decision to establish a mining unit stems from its vision of becoming a “comprehensive” Bitcoin company. Swan emphasizes that its mining business operates independently, utilizing a debt-free funding model and maintaining legal segregation from its other business arms. The company intends to allocate its next Series C funding equally among its financial services, mining, and acquisitions ventures. 

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