Swan Bitcoin, a California-based investment platform focused exclusively on the leading cryptocurrency, has expanded into bitcoin mining, the company announced on Thursday. 

According to CEO Cory Klippsten, the company, which offers bitcoin purchases, asset management and financial advisor services, has been operating a mining arm since July 2023 that’s now coming out of stealth mode. Since July, Swan has mined more than 750 bitcoins, the company said.

Seven mining farms are powered by 160 megawatts of electricity and producing 4.5 exahash of mining power, Klippsten told The Block. Three more will come online in March, increasing the overall hashpower up to 8 exahash, he added. The farms will be both in the U.S. and overseas, Klippsten said, declining to disclose where or what …