Blockstream's $210 Million Raise Is Critical In The Global Bitcoin Umdyarho weArms

By Bitcoin Imagazini - 2 kwiminyaka eyadlulayo - Ixesha lokufunda: 2 imizuzu

Blockstream's $210 Million Raise Is Critical In The Global Bitcoin Umdyarho weArms

Blockstream's $210 million raise will play a big role in North American ASIC production and manufacturing.

Oku kungezantsi kuphuma kuhlelo lwamva nje lwe-Deep Dive, Bitcoin magaziniIncwadana yeendaba yeemarike zepremiyamu. Ukuba phakathi kwabokuqala ukufumana ezi nkcukacha kunye nokunye kwikhonkco bitcoin Uhlalutyo lweemarike ngqo kwi-inbox, bhalisa ngoku.

As covered yesterday by Bitcoin magazini’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 magazini

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 ugqatso lwezixhobo.

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. 

Umthombo wo kuqala: Bitcoin magazini