Blockstream Raises $125 Million for Mining Despite Industry Bloodbath

Bitcoin technology company Blockstream has raised $125 million to break further into Bitcoin mining—an industry whose top players have been struggling to stay afloat.
Mining is the process by which Bitcoin users are financially incentivized to secure the blockchain. Miners use specialized, energy-intensive hardware to construct Bitcoin’s next block, for which they are…

This story appeared on, 2023-01-25.
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