Crypto infrastructure company Blockstream has raised $125 million in funding to expand its Bitcoin (BTC) mining services.
Blockstream to expand Bitcoin mining hosting services $125 million convertible note and loan financing provided. in 2021 B series in the funding round 3.2 billion with dollar valuation 210 million The company, which received an investment of $ large scale hosting meet the strong demand for its services and expand mining facilities He said he would use it.
across the industry current power capacity shortage Emphasizing that the demand for the company’s reliable services remains high due to the Erik Svensonmade the following statements about the successful loan financing round:
Thanks to this funding round, we continue to accelerate our revenue growth with the 2021 Series B. Thanks to these financings, we have the chance to create an infrastructure for the future. We enable risk reduction for institutional Bitcoin miners and enable corporate users to operate healthily on Bitcoin, the world’s most secure, robust and scalable blockchain.
The hosting service offered by Blockstream is a service that data centers provide to crypto miners. Thanks to this system, which is a derivative of cloud mining, customers benefit from the mining service through an intermediary without having to spend a lot of money on mining equipment. Blockstream is currently in development 500 megawattshas a capacity of over , and the company’s activities are also Core Lightning and Layer-2 extends to technologies such as