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Blockstream Bought $25M Worth of Bitcoin Mining Machines From MicroBT

The Bitcoin technology company Blockstream declared that it acquired $25 million worth of mining machines from MicroBT. The plan is to use them for expanding the mining operations, some of which are already put in place.

The machines are going to be installed through the various facilities in the US and Canada that Blockstream owns. It was not mentioned when the delivery of the ASIC is to be expected.

Blockstream launched Blockstream Pool in 2019 and reported that it was already mining for several high-profile clients, such as Fidelity.

“We’ll continue to grow aggressively throughout the year,” commented CEO Adam Back

Also worth mentioning is the fact that Blockstream has more than 300 megawatts in mining capacity at hand.

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