The below is from a recent edition of the Deep Dive, Bitcoin Magazine‘s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.
As covered yesterday by Bitcoin Magazine’s very own Nik Hoffman, the Bitcoin infrastructure and services company Blockstream has raised $210 million in funding during its most recent seed round, valuing the company at $3.2 billion.
“Some of the money raised will be spent on advancing Blockstream’s bitcoin mining products and services like Blockstream Energy. The new mining infrastructure they are building is planned to be used in many partnerships such as their collaboration with Square, where they are developing a solar-powered mining facility.
The rest of the money will be used to build financial infrastructure with bitcoin-focused financial products and Liquid, which is a sidechain-based settlement network that enables faster, more confidential bitcoin transactions.” – Bitcoin Magazine
Blockstream, which is headquartered in Victoria, Canada, will most definitely play a big role over the coming years in terms of North American ASIC production and manufacturing, which is sorely needed since most semiconductor chip and ASIC manufacturing is currently happening offshore.
In a world where supply chains have never been more backlogged, domestic manufacturing of mining rigs should be considered a matter of national security for the United States. Although Blockstream itself is located in Canada, recently announced partnerships with companies like Square to develop solar-powered mining facilities is critical in the global bitcoin arms race.
The monetization process of bitcoin will only happen once. When looking throughout the history of the network, the BTC one can acquire per hash has only decreased over time in an exponential decay fashion.
The beneath is from a latest version of the Deep Dive, Bitcoin Journal‘s premium markets publication. To be among the many first to obtain these insights and different on-chain bitcoin market evaluation straight to your inbox, subscribe now.
As lined yesterday by Bitcoin Journal’s very personal Nik Hoffman, the Bitcoin infrastructure and companies firm Blockstream has raised $210 million in funding throughout its most up-to-date seed spherical, valuing the corporate at $3.2 billion.
“A few of the cash raised might be spent on advancing Blockstream’s bitcoin mining services like Blockstream Vitality. The brand new mining infrastructure they’re constructing is deliberate for use in lots of partnerships corresponding to their collaboration with Sq., the place they’re growing a solar-powered mining facility.
The remainder of the cash might be used to construct monetary infrastructure with bitcoin-focused monetary merchandise and Liquid, which is a sidechain-based settlement community that permits quicker, extra confidential bitcoin transactions.” – Bitcoin Journal
Blockstream, which is headquartered in Victoria, Canada, will most positively play an enormous position over the approaching years by way of North American ASIC manufacturing and manufacturing, which is sorely wanted since most semiconductor chip and ASIC manufacturing is presently taking place offshore.
In a world the place provide chains have by no means been extra backlogged, home manufacturing of mining rigs ought to be thought-about a matter of nationwide safety for the USA. Though Blockstream itself is situated in Canada, just lately introduced partnerships with firms like Sq. to develop solar-powered mining services is crucial within the world bitcoin arms race.
The monetization means of bitcoin will solely occur as soon as. When wanting all through the historical past of the community, the BTC one can purchase per hash has solely decreased over time in an exponential decay trend.
