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.

By Danny Nelson

Jan 27, 2021 at 10:54 p.m. UTC

Updated Sep 14, 2021 at 11:02 a.m. UTC

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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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