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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.
Bitcoin technology company Blockstream said it bought $25 million worth of mining machines from MicroBT to expand its mining operations.
STORY CONTINUES BELOW
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- 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.
Danny Nelson
Danny was CoinDesk's managing editor for Data & Tokens. He formerly ran investigations for the Tufts Daily. At CoinDesk, his beats include (but are not limited to): federal policy, regulation, securities law, exchanges, the Solana ecosystem, smart money doing dumb things, dumb money doing smart things and tungsten cubes. He owns BTC, ETH and SOL tokens, as well as the LinksDAO NFT.
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