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Blockstream to raise $50m to expand ahead of next BTC halving

Major crypto mining firm Blockstream looks to raise $50 million to acquire mining equipment in anticipation of the next Bitcoin (BTC) halving. During a recent interview with Cointelegraph, Blockstream’s mining sales head James Macedonio said that the firm wants to capitalize on what he described as a “huge separation” in the prices of Bitcoin and mining application-specific integrated circuits (ASICs). Blockstream plans to use Luxembourg-based digital securities marketplace STOKR to raise funds through the Blockstream ASIC (BASIC) Note. Blockstream plans to acquire the most efficient Bitmain and MicroBT ASICs on secondary markets.

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