Perfect storm for undervalued ASICs: Blockstream plans $50M raise to buy miners
Blockstream intends to buy and store ASIC mining hardware ahead of Bitcoin’s halving in 2024.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Blockstream intends to buy and store ASIC mining hardware ahead of Bitcoin’s halving in 2024.
Why this matters
This mining story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Bitcoin miners escape months of distress as daily revenue surges by 78%
Bitcoin miners are emerging from months of financial pressure as rising BTC prices lift daily industry revenue by 78%. According t...
Ethereum Price Prediction: 5% Weekly Drops as Bitmine Plans to Stop ETH Buying
Ethereum latest selloff has put a key support zone and price prediction under pressure. ETH falls to $2,500 after 5% weekly declin...
OpenAI math breakthroughs raise ‘bunker mode’ alarm from Bitcoin researcher Justin Drake
OpenAI’s latest advances in mathematics have prompted a leading Ethereum researcher to warn that crypto’s core wallet security cou...
Securitize Puts 12 U.S. Stocks on Solana With 1:1 Backing and 24/7 Trading Plans
Key Takeaways: Securitize has already launched tokenized U.S. stocks on Solana, including NVIDIA, Tesla and Apple. Each token repr...
Barclays raises Strategy price target to $175, keeps buy rating
Barclays' revised target for Strategy Inc. highlights growing confidence in fintech potential, despite Bitcoin's volatile impact o...
Sam Altman-backed bitcoin life insurer Meanwhile raises $37.5 million round led by Bain Capital Crypto
Meanwhile raised $37.5M from existing investors, bringing the Sam Altman-backed bitcoin life insurer's total funding above $180 mi...