OSLO, NORWAY: DLTx ASA is moving forward with the development of a bitcoin division in DLTx Digital Assets and has raised an initial USD $3.5 million for the first phase of development.

The Company aims to take a vertically integrated approach through managing the fabrication of modular containers, overseeing on-site construction, hiring and training local operators, and optimizing the software involved.

With a focus on sustainability for Bitcoin production methods, DLTx intends to harness power where there is either overcapacity, no viable connection to the grid, or an ability to turn waste into power, such as with flare gas (preventing methane release).

The Company expects future sites to combine wind, hydro, solar and flare gas – all of which have pre-existing power delivery infrastructure.

“This is the first of many expected announcements with regards to our Bitcoin division over the coming weeks and months. We believe our model is capital efficient and this first investment enables us to get moving at a time when the cost of entry is multiples lower than six to nine months ago,” says DLTx Chief Operating Officer Simon Campbell.