Blockstream: Will independently develop Bitcoin miners

Blockstream: Will independently develop Bitcoin miners


According to reports, Bitcoin infrastructure provider Blockstream announced its development plan for 2023 on social media, including expanding institutional custody services, developing its own Bitcoin miners, and exploring renewable energy mining. As previously reported, Blockstream announced at the end of January the completion of a $125 million convertible note and secured loan financing to expand its institutional bitcoin mining custody service. The company's chief executive Adam Back revealed that its revenue in 2022 will be strong, with a three-fold increase from 2021.

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