Renowned investor Kevin O’Leary emphasized the significance of owning energy infrastructure in the cryptocurrency realm on Tuesday, adding that at the right price, electricity can hold greater value than Bitcoin (CRYPTO: BTC) itself.
Why Energy Control Is Crucial For Bitcoin Mining
O’Leary took to X, adding a clip from a recent interview, in which he highlighted how Bitzero, a Canadian energy infrastructure firm where he serves as a strategic investor, is leasing power for high-performance computing and Bitcoin mining activities.
“When you control infrastructure and energy, you can choose: lease the power or mine Bitcoin. Either way, it works,” the “Shark Tank” star said.
He claimed that the cost to mine one BTC at Bitzero is $56,000, significantly lower than the market price.
Full story available on Benzinga.com
