Blockstream Mining Announces Strategic Focus on Proprietary Mining and Vertical Integration

Quick Summary:

Adam Back, Co-Founder and CEO of Blockstream, will continue to play a valued role in the company’s strategic direction as Chair of the Advisory Board.In this capacity, Dr.

As part of the spinout, the Blockstream Satellite program — which broadcasts Bitcoin’s blockchain globally via satellite to enhance network resilience and accessibility — will also transition under the new entity’s stewardship.

Following its spinout from Blockstream earlier this year, Blockstream Mining has secured over $350 million in financing, including equity, debt, and tokenized asset sales.

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Article Details

Author / Journalist: chainwire

Category: Crypto

Markets: India

Topics: Operations Capital Bitcoin Energy Blockstream Mining Infrastructure Independent

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-30 @ 14:29:16 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 485 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 28299994

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

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Year Established: 2020

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News Last Updated: 8 hours ago

Coverage Areas: India

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