UAE Cypher Capital, previously known as Phoenix Capital has invested in BitZERO Blockchain Inc. Renowned investor Kevin O’Leary is also a strategic investor of BitZERO. The investments made will be used to accelerate BitZERO’s growth toward becoming the world’s leading ESG-driven, Zero Carbon Displacement (“ZCD”) crypto mining and ESG mining pool company.
UAE Cypher Capital will hold a presence on the Board of BitZERO. BitZERO has secured an additional 288.45 PH/s of Bitmain ASIC miners to be deployed between March and June 2022 to BitZERO’s site, expanding the Company’s scalable operations.
BitZERO Blockchain harnesses renewable energy within an ESG-driven Zero Carbon Displacement ecosystem to harmonize relationships between data processing, crypto-mining, commerce, communities, and the environment. BitZERO’s mining operations are designed to recapture heat displaced by its mining operations to benefit local green initiatives.
Cypher Capital has launched a 100 million USD private fund to invest in Blockchain and crypto startups. UAE Cypher Capital is also launching a blockchain hub in the UAE to help support Blockchain startups in the region as well.