{"id":17548,"date":"2021-03-09T13:55:32","date_gmt":"2021-03-09T13:55:32","guid":{"rendered":"http:\/\/ci027da39eb00027c4"},"modified":"2025-10-02T15:07:14","modified_gmt":"2025-10-02T20:07:14","slug":"seetee-partners-with-blockstream-for-bitcoin-mining-development","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/business\/seetee-partners-with-blockstream-for-bitcoin-mining-development","title":{"rendered":"Seetee Partners With Blockstream For Bitcoin Mining Development"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><p>After an influx of top-U.S. companies investing in bitcoin, it appears that the rest of the world is beginning to play catch up. Yesterday, Norwegian holding company Aker ASA <a href=\"https:\/\/bitcoinmagazine.com\/business\/in-shareholder-letter-seetee-founder-makes-bull-case-for-bitcoin\">announced the formation<\/a> of a new business, Seetee, that will be dedicated to bitcoin investment and fostering its underlying technology.<\/p>\n<p>Shortly afterward, Blockstream announced a partnership with Seetee to focus on using bitcoin to maximize existing energy production. <\/p>\n<p>\u201cWhile Bitcoin is well on its way to transforming the financial industry, it also holds the potential to bring about radical improvements in global energy distribution,\u201d according to the announcement. \u201cOur partnership with Seetee will improve power grid efficiency, drive further investment in renewable energy, and act as a catalyst to a more sustainable future \u2014 all while improving Bitcoin\u2019s security in the process.\u201d<\/p>\n<p>Blockstream is a Bitcoin development firm with several fronts, including a mining division, a Bitcoin sidechain called Liquid, a satellite that broadcasts the Bitcoin network and more. The announcement suggested that the firms would rely on Aker\u2019s expertise in the legacy energy sector to explore bitcoin applications.<\/p>\n<p>\u201cBy dynamically balancing energy demand through Bitcoin mining, Blockstream enables greater scale and significantly improves the economics of renewable energy projects,\u201d per the announcement. \u201cSeetee and its parent Aker have extensive renewable energy assets around the world. This opens new doors and enables us to pursue even more ambitious projects in Bitcoin mining.\u201d<\/p>\n<p>In addition to a focus on mining, the announcement noted that the firms would also be exploring \u201cfinancial products for industrial applications using the Liquid Network and Elements, e.g., foreign exchange, cash management, and trade settlements.\u201d <\/p>\n<p>Kjell Inge R\u00f8kke, the main shareholder of Aker and founder of Seetee, hailed the partnership, per the release.<\/p>\n<p>\u201cBy merging Aker&#8217;s industrial capabilities and experience with Blockstream&#8217;s leading position in Bitcoin and blockchain technology, we believe that both parties can greatly accelerate the pace of development,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Blockstream has announced a partnership with the newly-launched Seetee to accelerate renewable energy use for bitcoin mining.<\/p>\n","protected":false},"author":3283,"featured_media":15468,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[287,97,2458],"class_list":["post-17548","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-blockstream","tag-mining","tag-seetee"],"author_data":{"id":3283,"name":"Oluwapelumi Adejumo","nicename":"oluwapelumi-adejumo","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/12\/oluwapelumi-adejumo-promo-image-96x96.jpg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/why-we-shouldnt-worry-about-crypto-mining-energy-consumption.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/17548","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/3283"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=17548"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/17548\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/15468"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=17548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=17548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=17548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}