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.

Jan 27, 2021 at 10:54 p.m. UTC
Updated Sep 14, 2021 at 11:02 a.m. UTC

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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