Blockstream announced the purchase of $ 25 million worth of ASIC miners from MicroBT, a cryptocurrency mining equipment manufacturer based in Shenzhen.
Blockstream currently owns 300 MW mining equipment located in North America. At the same time, the company itself is not engaged in bitcoin mining – the facilities are leased to BLockstream customers. At the same time, the company’s management announced plans for an “aggressive” expansion of the mining business in 2021.
“We have been constantly testing various equipment for mining cryptocurrencies since the launch of our service in 2017. Now we can confidently say that there are no better devices for mining cryptocurrencies on the market than MicroBT WhatsMiner, ”the statement says.
In August 2019, Blockstream launched its own mining pool. Note that this week, the mining community is watching the development of the situation in Bitmain – the co-founder of the ASIC miner manufacturer Jihan Wu announced his final departure from the company.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
