According to Kevin O’Leary, a prominent Canadian entrepreneur and media figure recognized for his role on “Shark Tank,” he is enthusiastic about Bitzero Blockchain Inc., a crypto mining venture that he supports.
Recently, as previously reported, the Vancouver-based crypto mining company received $25 million in investment back in July to scale its operations.
Related: Understanding Bitcoin mining
Crypto mining involves using powerful computing resources to solve intricate cryptographic puzzles, aiding in the verification and addition of blocks to the blockchain network.
In a recent interview with Fox Business, O’Leary spoke about his initial interactions with the management team which had a clear focus on power strategies.
“They essentially communicated that whether it’s crypto, bitcoin mining, or an AI data center, it all pivots around one essential element: power.”
Bitzero’s approach has been focused on securing “very appealing” power agreements in countries like Norway and Finland, where power resources are plentiful, he noted.
Bitzero operates in the fields of crypto mining and artificial intelligence (AI), leveraging energy sources such as nuclear and hydropower. He expressed strong satisfaction with his investment in Bitzero regarding the foundational infrastructure for his entire crypto portfolio during the interview with Fox Business.
“For me, Bitzero functions as a power company equipped with highly attractive contracts.”
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O’Leary serves as a strategic investor at Bitzero and previously stated that AI companies should take cues from crypto mining firms on establishing their infrastructures in proximity to abundant and sustainable power sources.
Related: A look into sustainable Bitcoin mining
With the increasing convergence of the crypto mining and AI sectors, institutional investors are now focusing on facilities that are situated near sustainable energy options, he added.
Given the high energy consumption often associated with crypto mining, a shift towards sustainable and renewable energy sources might prove beneficial.
This article was first published by TheStreet on October 14, 2025, and initially appeared in the Trading News & Analysis section. To make TheStreet your Preferred Source click here.
