Blockstream Buys $25M Worth of Bitcoin Mining Machines From MicroBT
The ASICs are set to be deployed in Blockstream facilities through the U.S. and Canada.
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Bitcoin technology company Blockstream said it bought $25 million worth of mining machines from MicroBT to expand its mining operations.
- The machines are to be deployed through Blockstream's facilities in Canada and the U.S. When the company expects to receive its ASICs was not specified.
- In 2019, Blockstream launched Blockstream Pool and announced it had been previously mining for a select few high-profile clients like Fidelity.
- Blockstream has over 300 megawatts in mining capacity available, said CEO Adam Back in a statement. "We'll continue to grow aggressively throughout the year," he said.
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Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters:
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
