By Bitcoin Mekasini - 2 tausaga talu ai - Taimi Faitau: 2 minute
Blockstream's $210 Million Raise Is Critical In The Global Bitcoin Tuʻuga Auupega
Blockstream's $210 million raise will play a big role in North American ASIC production and manufacturing.
O lo'o i lalo mai se lomiga lata mai o le Deep Dive, Bitcoin tusiata's premium markets newsletter. Ina ia avea ma se tasi e muamua mauaina nei malamalamaaga ma isi i luga o filifili bitcoin au'ili'iliga tau maketi i lau pusameli, totogi nei loa.
As covered yesterday by Bitcoin tusiata’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 tusiata
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 tuuga tau.
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.
Punavai autu: Bitcoin tusiata