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 បាននិយាយនៅក្នុងសេចក្តីថ្លែងការណ៍មួយ.
Blockstream 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.
The company had already raised $210 million in a series B round in 2021. In December, Bloomberg រាយការណ៍ that it was looking for fresh funds at a significantly lower valuation than before.
រក្សាសិទ្ធិគ្រប់យ៉ាងដោយឆ្នាំ ២០២០ ។ អត្ថបទនេះត្រូវបានផ្តល់ជូនសម្រាប់គោលបំណងព័ត៌មានតែប៉ុណ្ណោះ។ វាមិនត្រូវបានផ្តល់ជូនឬមានបំណងត្រូវបានប្រើជាច្បាប់ពន្ធការវិនិយោគហិរញ្ញវត្ថុឬដំបូន្មានផ្សេងទៀតទេ។
Source: https://www.theblock.co/post/205272/crypto-infrastructure-firm-blockstream-raises-125-million-to-expand-mining-services?utm_source=rss&utm_medium=rss