Fidelity Investments, one of the world’s largest asset managers, has announced an expansion of its Bitcoin mining operations as the cryptocurrency market shows signs of recovery.
The company is increasing its mining capacity through partnerships with energy companies, focusing on sustainable energy sources such as hydroelectric and wind power.
Fidelity’s mining initiative is part of its broader strategy to strengthen its presence in the crypto space, which includes offering institutional clients access to Bitcoin through its Fidelity Digital Assets platform.
As Bitcoin mining becomes more competitive and energy-intensive, Fidelity’s focus on sustainable mining could set a new standard for the industry.
