In a recent tweet, Bitcoin financial services company Swan unveiled a provocative take on a rising new class of Bitcoin miners—ones that don’t rely on ASICs or electricity.
“These miners aren’t chasing cheap energy,” Swan wrote. “They’re using equity markets, debt markets, and yield-hungry capital to strip-mine the fiat system.”
Dubbed the BTC oil barons, this new breed bypasses the traditional mining model entirely. Instead of plugging into power grids, they tap into global capital markets—leveraging financial instruments and macro strategy to accumulate Bitcoin through systemic arbitrage.
What if I told you there’s a new kind of Bitcoin miner?
They don’t run ASICs.
They don’t chase cheap energy.
They don’t plug into power…They’re using equity markets, debt markets, and yield-hungry capital to strip-mine the fiat system.
Meet the Bitcoin oil barons 🧵 👇 pic.twitter.com/UWDg74aSfb
— Swan (@Swan) June 16, 2025
The post frames this group as financial extractors rather than technical operators, marking a clear shift in how Bitcoin accumulation can occur in the age of institutional adoption.
As Bitcoin integrates deeper into mainstream finance, Swan’s commentary underscores the expanding definition of “mining” in a world where capital itself becomes the primary resource.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/a-new-breed-of-bitcoin-miners-emerges-capital-over-computing/