Blockstream Partners with Macquarie to Pilot a Bitcoin Mining Facility
- The Bitcoin mining infrastructure company previously arranged similar partnerships with Aker and Square.
Blockstream, a Bitcoin (BTC) mining infrastructure firm, has partnered with Macquarie Group to explore carbon-neutral alternatives through a pilot investment in Bitcoin facilities. According to the press release, the crypto firm aims to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term Macquarie Group’s knowledge on financial, energy and green infrastructure to look after carbon-neutral initiatives.
That said, Blockstream seeks to establish mining facilities at an enterprise-grade by deploying crypto mining hardware Hosting Hosting Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Read this Term. “Macquarie will invest in the facility while utilizing its deep expertise in energy to explore opportunities to provide renewable energy to power the mining process. As one of the largest Bitcoin miners in North America, with a vision to scale this initiative to new sites as green power infrastructure is developed, Blockstream is excited about the potential this collaboration with Macquarie offers,” Blockstream highlighted in the announcement.
In addition, Dr Adam Back, Blockstream’s CEO, commented about the potential that such a partnership could bring to the industry: “Macquarie’s experience and scale in traditional infrastructure investment, as well as commodity and energy markets, and Blockstream’s position as a leading Bitcoin miner and provider of Bitcoin-based technology solutions offers terrific potential.”
Recent Partnerships and Funding Announcements Made by Blockstream
Before this partnership, the Bitcoin mining infrastructure firm arranged similar deals with Aker and Square to build renewable-powered mining facilities.
At the end of August, Blockstream announced that it had raised $210 million as part of its Series B funding with a valuation of $3.2 billion. The funding comes after acquiring Spondoolies’ intellectual property, a Bitcoin mining hardware manufacturer. Investors in the Series B financing included Baillie Gifford, a Scotland-based investment firm, and iFinex, the parent company of Tether and the cryptocurrency exchange, Bitfinex.
Furthermore, earlier this year, the firm acquired BTC mining equipment from the Shenzhen-based provider, MicroBT. The total value of the purchased WhatsMiner Bitcoin miners stands at around $25 million.
Blockstream, a Bitcoin (BTC) mining infrastructure firm, has partnered with Macquarie Group to explore carbon-neutral alternatives through a pilot investment in Bitcoin facilities. According to the press release, the crypto firm aims to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term Macquarie Group’s knowledge on financial, energy and green infrastructure to look after carbon-neutral initiatives.
That said, Blockstream seeks to establish mining facilities at an enterprise-grade by deploying crypto mining hardware Hosting Hosting Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Read this Term. “Macquarie will invest in the facility while utilizing its deep expertise in energy to explore opportunities to provide renewable energy to power the mining process. As one of the largest Bitcoin miners in North America, with a vision to scale this initiative to new sites as green power infrastructure is developed, Blockstream is excited about the potential this collaboration with Macquarie offers,” Blockstream highlighted in the announcement.
In addition, Dr Adam Back, Blockstream’s CEO, commented about the potential that such a partnership could bring to the industry: “Macquarie’s experience and scale in traditional infrastructure investment, as well as commodity and energy markets, and Blockstream’s position as a leading Bitcoin miner and provider of Bitcoin-based technology solutions offers terrific potential.”
Recent Partnerships and Funding Announcements Made by Blockstream
Before this partnership, the Bitcoin mining infrastructure firm arranged similar deals with Aker and Square to build renewable-powered mining facilities.
At the end of August, Blockstream announced that it had raised $210 million as part of its Series B funding with a valuation of $3.2 billion. The funding comes after acquiring Spondoolies’ intellectual property, a Bitcoin mining hardware manufacturer. Investors in the Series B financing included Baillie Gifford, a Scotland-based investment firm, and iFinex, the parent company of Tether and the cryptocurrency exchange, Bitfinex.
Furthermore, earlier this year, the firm acquired BTC mining equipment from the Shenzhen-based provider, MicroBT. The total value of the purchased WhatsMiner Bitcoin miners stands at around $25 million.