Market News

Bitcoin mining firm Blockstream secures $125M funding round

Blockstream to expand its mining operations globally

The funding will also allow Blockstream to expand its mining operations globally, with an emphasis on increasing its presence in North America, Europe, and Asia.

The company currently operates mining facilities in Quebec, Canada and Adel, Georgia, and plans to expand to other regions in the near future.

Blockstream’s institutional hosting services offer customers the ability to host their mining equipment in Blockstream’s facilities, providing them with access to low-cost electricity and advanced cooling systems.

This allows customers to minimize their operational costs and maximize their mining profitability.

Blockstream’s co-location services also provide customers with access to the company’s expertise in mining hardware, software, and network infrastructure, as well as its security and compliance capabilities.

This includes access to the company’s proprietary mining pool, the Blockstream Mining Pool, which allows customers to pool their mining resources and share in the rewards.

The company’s institutional hosting services have been in high demand in recent months as more and more institutional investors and large corporations look to enter the Bitcoin mining space. This trend is expected to continue as the institutional adoption of Bitcoin continues to grow.

“We are seeing strong demand for our institutional hosting services from a wide range of customers, including hedge funds, family offices, and large corporations,” said Adam Back, CEO of Blockstream. “This funding will allow us to expand our capacity and continue to provide top-quality services to our customers, helping them to navigate the challenges of the current market conditions.”


Roland is a Public Relations & Communications guru with an immense passion for the blockchain and crypto industry. A fusion of his expertise and passion led to the dawn of Optimisus in 2020.