Blockstream and BlockFi reached a strategic partnership on Bitcoin mining.

Blockchain technology provider Blockstream announced that it had reached a strategic partnership with crypto lending company BlockFi on Bitcoin mining. Currently, BlockFi has deployed mining machines in mining facilities in Georgia, USA, and has a power capacity of more than 300 megawatts. By participating in Bitcoin mining, BlockFi hopes to expand its service products to the mining field and diversify its sources of income. BlockFi was founded in 2017 by ZacPrince and FloriMarquez to provide lending and credit services to Bitcoin users.