Copy link
Increase text size
Decrease text size
Link copied

Blockstream launches bitcoin mining facilities, signs Fidelity and Reid Hoffman as clients

Fri, 09 Aug 2019, 07:52 am UTC

Blockchain startup Blockstream has announced the launch of enterprise-grade colocation bitcoin mining service.

The company has unveiled Blockstream Mining, which will provide mining equipment colocation in its purpose-built data centers in Canada and the United States.


“We were one of the first Bitcoin mining companies to enter the Quebec hydropower market, long before the recent “gold rush” began, and together with our facility in Georgia, USA, we now have over 300MW of energy capacity secured (with more sites on the way),” Blockstream said.

“We also have a self-mining operation, which represents less than 1% of global hash rate, running on a combination of hardware from Bitfury, Ebang, MicroBT, and other manufacturers.”

The company said that the mining service is currently tailored to enterprise and institutional customers, but will soon be expanded to support small businesses and individuals. It is already providing hosting to clients including the Fidelity Center for Applied Technology and LinkedIn co-founder Reid Hoffman.


In addition to the mining service, Blockstream also announced Blockstream Pool, which is based on the BetterHash protocol – an improved mining pool which enables individual miners to control which bitcoin transactions to include in their newly mined blocks.

“The Blockstream Pool has been running on Testnet for over a year and is initially available to Blockstream Mining customers. We will expand to a wider audience over time as we continue to work towards further decentralization. We look forward to open collaboration on pool protocol standards,” it said.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

  • Bitcoin (btc) $20,089.00 (-3.06%)
  • Ethereum (eth) $1,532.84 (-3.30%)
  • BNB (bnb) $376.56 (+12.01%)
  • USD Coin (usdc) $0.999629 (-0.04%)
  • Binance USD (busd) $0.993850 (-0.82%)
  • Bitcoin (btc) $20,089.00 (-3.06%)
Jul 15, 2021 (Thursday)
13:30
BTC Surges by 1.16% Within 5 Mins, Marking 31,824.01 USDT
12:06
BTC Surges by 1.12% Within 5 Mins, Marking 32,104.8 USDT
10:25
BTC Drops by 1.03% Within 5 Mins, Marking 32,171.88 USDT
02:13
TriumphX Scouts 'MINAMCOMPANY' CEO Woo-Seong Lee As Creative Director
02:00
ETH Tops List Of Crypto Net Inflow With $298.96 Mln In Past 10 Hours
Jul 14, 2021 (Wednesday)
13:14
BTC Surges by 1.03% Within 5 Mins, Marking 32,738.08 USDT
09:03
BTC Surges by 1.01% Within 5 Mins, Marking 31,899 USDT
02:30
Crypto Market Sentiment On Jul 14: Market In "Extreme Fear"
02:00
ETH Tops List Of Crypto Net Outflow With $224.97 Mln In Past 10 Hours
Jul 13, 2021 (Tuesday)
02:30
Crypto Market Sentiment On Jul 13: Market In "Extreme Fear"
02:00
ETH Tops List Of Crypto Net Outflow With $178.61 Mln In Past 10 Hours
Jul 12, 2021 (Monday)
02:30
Crypto Market Sentiment On Jul 12: Market In "Extreme Fear"
02:00
BTC Tops List Of Crypto Net Inflow With $164.82 Mln In Past 10 Hours
Jul 11, 2021 (Sunday)
21:31
BTC Surges by 1.02% Within 5 Mins, Marking 34,475.6 USDT
10:00
ETH Tops List Of Crypto Net Inflow With $122.76 Mln In Past 18 Hours
06:17
SOBA Listed On LATOKEN
02:30
Crypto Market Sentiment On Jul 11: Market In "Extreme Fear"
02:00
BTC Tops List Of Crypto Net Outflow With $87.56 Mln In Past 10 Hours
Jul 9, 2021 (Friday)
21:40
BTC Surges by 1.08% Within 5 Mins, Marking 33,911.8 USDT
02:30
Crypto Market Sentiment On Jul 09: Market In "Extreme Fear"
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.