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Crypto infrastructure firm Blockstream raises $125 million to expand mining services
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 company said in a statement. Blockstream currently has over 500 megawatts in its ... (full story)
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- Posted: Jan 24, 2023 8:55pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 56
