Blockstream is a blockchain technology company that develops a range of products and services for the storage and transfer of Bitcoin and other digital assets. The company applies cutting-edge cryptography and security engineering and builds the technology that makes financial markets more efficient. With a long-term outlook, Blockstream invests heavily in research and development to strengthen the Bitcoin ecosystem and protocol.
The global leader in Bitcoin and blockchain technology Blockstream received $125 million in convertible notes and secured loans to fund the growth of its bitcoin mining hosting services. Kingsway Capital led the convertible note, with participation from other investors, including Fulgur Ventures. The valuation of Blockstream was not disclosed in the most recent fundraising round. Nonetheless, in August the company had a valuation of $3.2 billion
Blockstream, headquartered in Victoria, Canada, was founded by Adam Back in 2014. Currently, Blockstream has over 500 Megawatts of power capacity in its development pipeline, making it one of the largest mining companies in the world. Expanding its renewable energy mining products and developing its Bitcoin mining division are among Blockstream’s goals for 2023.