BlockFi Now Mining Bitcoin with Blockstream
Blockstream Mining

BlockFi Now Mining Bitcoin with Blockstream

Chris Cook

Today, we’re proud to welcome another major player as a mining partner: leading cryptoasset service provider, BlockFi.

Founded in 2017 by Zac Prince and Flori Marquez, BlockFi provides a bridge between the traditional finance world and the digital asset ecosystem by offering Bitcoin hodlers lending and credit services. The company manages more than $15 billion in assets and has generated hundreds of millions in interest for clients.

As a Blockstream Mining partner, BlockFi has deployed miners at our mining facility in Georgia, USA, with access to over 300MW of power capacity. By engaging in Bitcoin mining, BlockFi looks to expand its service offerings to the mining community and to diversify revenue streams by accumulating bitcoin on its balance sheet.

Blockstream Mining Hosting

Aspiring miners face many hurdles, including energy procurement, mining rig optimization, and upkeep costs. Blockstream Mining removes these barriers to entry for our clients, simplifying the mining process with end-to-end colocation services. Leveraging our years of developing Bitcoin technology and experience managing large-scale mining infrastructure, we can offer enterprise-class services and strengthen Bitcoin’s underlying network security in the process.

Solving Global Mining Challenges

Through our Blockstream Mining partnerships, we’ve made tremendous strides in addressing the global distribution of hash power and renewable energy use. In March, we partnered with Galaxy Digital to host its Bitcoin mining operations and announced a partnership with Aker to pursue Bitcoin mining with renewable and alternative energy. And most recently, we released the Blockstream Mining Note (BMN), a security token that expands investor exposure to Bitcoin mining and adds security and censorship resistance to the Bitcoin network.

Partner With Us

If you or your company are interested in learning more about mining colocation services with Blockstream Mining, you can reach out to our team through the form available on our Blockstream Mining page.

For all the latest on Blockstream Mining partnerships and product launches please bookmark our mining blog or follow us on Twitter @Blockstream.

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