Earlier this year, Swan said it will go public within the next 12 months and the mining unit had 160 megawatts (MW), or 4.5 exahash per second (EH/s), worth of computing power up and running. The firm also said that the mining business has been funded by institutional investors, with more than $100 million and hopes to raise more capital to expand its operations.
Cory Klippsten’s Swan Bitcoin Drops IPO Plan, Cuts Staff and Will Shut Managed Mining Unit
