RATE Group | Blockstream takes on Bitmain with new Bitcoin mining centers
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Blockstream takes on Bitmain with new Bitcoin mining centers

10 Aug Blockstream takes on Bitmain with new Bitcoin mining centers

Posted at 00:54h in Cryptocurrency News by

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Blockstream, the blockchain infrastructure firm that sent a Bitcoin satellite into space, has entered the cryptocurrency mining space.

The company revealed details about its Bitcoin mining data centers in Quebec, Canada and Adel, Georgia earlier this week.

Currently, Blockstream is working with customers including Fidelity Center for Applied Technology and LinkedIn co-founder Reid Hoffman. However, it is looking to open up the facilities to smaller-scale miners sometime in the future.

“We began our Bitcoin mining operations back in 2017 motivated by widespread concern that mining decentralization was declining. At the time it appeared that parties involved in ASIC manufacture, hosting, and pool operations were becoming a centralizing force and holding back Bitcoin from reaching its full potential,” Blockstream said in blog post.

The company‘s new mining facilities boast a combined 300 megawatts worth of energy…

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