The company will use the money to expand its institutional bitcoin mining colocation services.
Bitcoin miner and hosting provider Blockstream raised $125 million in a convertible note and secured loan financing round.
Bitcoin miner and hosting provider Blockstream raised $125 million in a convertible note and secured loan financing round. The company will use the money to expand its institutional bitcoin mining colocation services at a time when others in the industry are struggling to keep afloat due to a prolonged decline in mining economics.
"Demand for Blockstream’s hosting services remains high due to the company’s strong track record and substantial scale, coupled with an industry-wide shortage of available power capacity," the companyBlockstream currently has over 500 megawatts in its development pipeline. Its business also extends to hardware and Layer-2 technologies like Core Lightning.
The demise of large-scale centralized parties and protocols in the past year and"resulting refocus on security and decentralization presents an opportunity for market participants to move to Bitcoin-based non-custodial architectures," CEO Adam Back said.reported© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
ایران آخرین اخبار, ایران سرفصلها
Similar News:همچنین می توانید اخبار مشابهی را که از منابع خبری دیگر جمع آوری کرده ایم، بخوانید.
Crypto Infrastructure Firm Blockstream Raises $125M for Bitcoin MiningBitcoin infrastructure firm Blockstream raised $125M in convertible note and secured loan financing to expand its bitcoin mining hosting services. by Aoyon_A
ادامه مطلب »
69% of Retail Investors Unfazed by 2022 Crypto Winter: SurveyThe study found that younger investors are less fearful of the crypto market after the crash last year.
ادامه مطلب »
South African Self-Regulatory Body Mandates Risk Warnings in Crypto AdsCrypto ads should warn of capital risk and social media influencers should stick to the facts, South African self-regulatory body ARB_SouthAfrica's new guidelines say. jackschickler reports
ادامه مطلب »
Aptos Token Prices Double in Two Weeks Amid Strong NFT InterestTokens powering the Aptos_Network have surged amid narrative-driven trading and rising NFT activities on marketplaces such as TopazMarket. By shauryamalwa.
ادامه مطلب »
Crypto Gaming Token AXS Surges 40% Ahead of $64 Million Token UnlockAXS jumped to a four-month high early Monday. Observers said investors expect a big announcement that will counteract the impending $64 million token unlock. reports godbole17.
ادامه مطلب »
Philippine Authorities Rescue Alleged Victims of 'Crypto Trafficking Ring' – Featured Bitcoin NewsPhilippine authorities have rescued alleged victims of a crypto trafficking ring recruited to scam people out of their cryptocurrencies. pigbutchering
ادامه مطلب »