BlockFi Mining Bitcoin With Blockstream - Bitcoin Magazine:

BlockFi Mining Bitcoin With Blockstream - Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides


Bitcoin lending platform BlockFi is now hosting bitcoin mining operations with Blockstream Mining.
Bitcoin lending platform BlockFi is now hosting bitcoin mining operations with Blockstream Mining, with plans to deploy miners at Blockstream’s facility in Adel, Georgia.
“As BlockFi looks to expand our offerings to the mining community and accumulate bitcoin on our balance sheet, mining directly to support the Bitcoin network provides a means to vertically integrate our supply chain while diversifying our revenue streams,” Joe Chu, the director of principal credit and mining at BlockFi, said in a release shared with
Bitcoin Magazine.
Blockstream’s Adel facility offers 300 megawatts of power capacity for mining, along with cooling and air filtration technology that can offer more efficiency to bitcoin mining operations. It is designed to enable colocation services that allow institutional clients like BlockFi to forgo constructing and maintaining their own facilities.

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