Blockstream attracts $125 million to expand the mining of bitcoins – Bits Media

One of the largest mining operators in the world Blockstream intends to continue to build up the equipment park, since it sees a shortage of capacities in the industry.

The company reported on attracting $125 Milln to expand your business production business (BTC). With the help of new ones funds in Blockstream hope to accelerate revenue growth, and also continue the expansion of infrastructure.

In the last round of investment, the company managed to attract $210 million. Blockstream spent them on increasing the capacity of mining equipment and improving hosting services. New capital, As reported, will be spent on about the same. Blockstream said, that their services are still used by a large number of customers. Besides, The industry observes a significant shortage of capacities, Therefore, the company's management intends to bet on this service.

Now at the disposal of Blockstream is 500 megawatts. The main competitor was Core Scientific, I haven't served in December yet
Bankruptcy documents. Another competitor, Iris Energy was also out of work, Having reduced his capacities in May in May Bitcoin, to pay secured loans for equipment. And then even reported, that two subsidiaries cannot fulfill the accumulated obligations in volume $103 million.

"We believe, that recent events in the cryptocurrency industry emphasize the importance of work, which Blockstream conducts as in mining, and in the development of blockchain projects ", - Assume company representatives.

 Recently, Bits.media was analyzed in detail, how cryptosima affects Bitcoin mining and hashrate in general.