Tag: Blockstream

Tesla, Block, Blockstream to Mine Bitcoin in Texas Using Solar

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Summary: Tesla, Block, and Blockstream have teamed up to build a Bitcoin mining facility in Texas powered by solar energy and batteries The partnership was announced during the Bitcoin 2022 conference in Miami, Florida A dashboard with real-time metrics of the project’s performance will be available to the public Wind energy will be added in the future if the project proves to be profitable Tesla, Block (formerly square), and Blockstream have announced a partnership that will see the three companies mine Bitcoin in Texas using solar energy and batteries. The…

Blockstream and Block Inc to build solar Bitcoin mining facility powered by Tesla technology

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On Friday, cryptocurrency storage company Blockstream and Block Inc. (formerly Square) announced the construction of a solar-powered Bitcoin (BTC) mining facility in Texas. As told by Blockstream, the mining site will be outfitted with 3.8 megawatts (MW) of electrical capacity using Tesla’s Solar photovoltaic cell array and a 12 an MWh Megapack. Manufactured by Tesla Energy, Megapack is a powerful lithium-ion battery that provides energy storage and support. In context, one of the leading publicly-listed Bitcoin mining companies, Hut 8 Mining, has about 209 MW in total contracted mining capacity. The…

Tesla, Blockstream, and Block to Mine Bitcoin Using Solar Power in Texas

Real-time operational and financial information about the mine, including its energy consumption and hashrate, will be publicly available in a dashboard, Back said. The data will hopefully inform the public debate around off-grid mining and whether it can fund the expansion of solar power. “When people publish just analyst reports, and articles, and blog posts, and data, they are all suspicious. But if we publish the raw data, the raw financial information, I think it speaks for itself,” Back said. Source

Samson Mow leaves Blockstream, plans to focus on ‘nation-state Bitcoin adoption’

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Blockstream chief strategy officer Samson Mow has announced he will be leaving the blockchain firm after five years. In a Tuesday Twitter thread, Mow said he would continue to be a “#BlockstreamSpy” following his departure from the Canada-based firm where he had worked since April 2017. He said he would stay on as CEO of game development company Pixelmatic, a position in which more “attention is being demanded,” but planned to focus on “nation-state Bitcoin adoption” in the future. ”With everything happening at light speed in El Salvador, and more…

Samson Mow Exits Blockstream to Focus on Nation-State Bitcoin Adoption

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Mow and Blockstream have been key figures in designing El Salvador’s bitcoin-backed bonds (so-called Volcano Bonds), which are set to be issued this month on Blocksteam’s Liquid platform. “With everything happening at light speed in El Salvador, and more and more countries interested in adopting bitcoin, I found my time each day just no longer enough anymore,” Mow said. Original

Blockstream raises $16M for its Bitcoin mining STO in a matter of hours

Major blockchain technology company Blockstream has completed six tranches of its Bitcoin (BTC) mining security token offering (STO), securing a total of 30.9 million euros ($36 million). Blockstream officially announced Thursday that the company raised 13.9 million euros ($16.1 million) in the sixth tranche of its Bitcoin mining-focused security token known as Blockstream Mining Note (BMN). According to the announcement, the latest raise was the largest tranche that Blockstream has ever issued, marking increasing interest from individual and institutional investors. The raise brings the total BMN supply to more than…

Galaxy Digital Leverages Blockstream Facilities for Bitcoin Mining Operations

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Despite the partnership announcement, Galaxy Digital Mining did not provide specific details on the number of machines deployed for the first installation. Diversified financial services and investment management company in the digital asset sector Galaxy Digital (TSX: GLXY) said it is now hosting its newly-launched Bitcoin mining operations at Blockstream facilities. The diversified financial services firm noted that its Bitcoin-mining operations would use Blockstream facilities to initially deploy machines in Canada and the US. CoinDesk said in a report that the partnership between Galaxy Digital and Bitcoin technology company Blockstream occurred less…

Blockstream expands Liquid Federation, but LBTC adoption remains slow

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Blockstream has added six more members to the federation that governs Liquid, the firm’s Bitcoin sidechain for inter-exchange settlement network. The six new Liquid Federation members include Bitcoin web wallet Coinos, crypto custodian Komainu, network privacy firm Nym, blockchain development company Vulpem Ventures, broker Watchdog Capital, and Liquid Network settlement platform Sideswap. The #LiquidNetwork Federation grows to a total of 59 with six new members announced today. The six new members are @coinoswallet, Komainu, @nymproject, @side_swap, @vulpemventures, and @WatchdogCapital. https://t.co/QkluG8ivIh pic.twitter.com/CudS30Xyjv — Liquid Network (@Liquid_BTC) January 11, 2021 Liquid was…

Blockstream Launches Ventures Initiative to Grow Liquid’s Ecosystem

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Blockstream, the firm behind the Bitcoin (BTC) sidechains Liquid and Lightning Network, has launched its “Liquid Ventures Initiative,” which seeks to connect developers looking to build on the commercial sidechain with crypto investors. The announcement follows the completion of the first Liquid Demo Day, which saw participation from startups and developers from Hong Kong, Israel, Spain, Switzerland, Japan and the United States. The Liquid Ventures Initiative is backed by over twelve Bitcoin-centric venture capital firms and entrepreneurs — including Nogle, Seven Seas VC, Blockchain Capital, Castle Island Ventures, Digital Garage…