{"id":42738,"date":"2021-05-19T09:51:36","date_gmt":"2021-05-19T06:51:36","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=42738"},"modified":"2025-08-31T00:34:10","modified_gmt":"2025-08-30T21:34:10","slug":"blockfi-becomes-partner-in-blockstreams-mining-business","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/blockfi-becomes-partner-in-blockstreams-mining-business\/","title":{"rendered":"BlockFi becomes partner in Blockstream&#8217;s mining business"},"content":{"rendered":"<p>BlockFi, a crypto-lending platform, will host mining equipment at one of Blockstream&#8217;s data centres in Georgia.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We\u2019re proud to welcome <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> lending platform <a href=\"https:\/\/twitter.com\/BlockFi?ref_src=twsrc%5Etfw\">@BlockFi<\/a> as another major <a href=\"https:\/\/twitter.com\/hashtag\/BlockstreamMining?src=hash&#038;ref_src=twsrc%5Etfw\">#BlockstreamMining<\/a> partner. \u26cf\ufe0f <a href=\"https:\/\/t.co\/SBhblc63cK\">https:\/\/t.co\/SBhblc63cK<\/a> <a href=\"https:\/\/t.co\/0kw6WJG6mS\">pic.twitter.com\/0kw6WJG6mS<\/a><\/p>\n<p>\u2014 Blockstream (@Blockstream) <a href=\"https:\/\/twitter.com\/Blockstream\/status\/1394702929362358276?ref_src=twsrc%5Etfw\">May 18, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The collaboration marks BlockFi&#8217;s expansion into cryptocurrency mining. Blockstream operates the equipment on its own behalf and on behalf of its partners in co-located facilities.<\/p>\n<p>The hash rate involved in the deal was not disclosed. The data centre where it will be installed can support up to 300 MW.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>The new direction will open a path for vertical integration of the supply chain and diversification of revenue streams<\/em>, according to the press release.<\/p>\n<\/blockquote>\n<p>Earlier in March 2021, the crypto-lending platform <a href=\"https:\/\/forklog.com\/en\/news\/blockfi-raises-350-million-at-a-3-billion-valuation\">raised $350 million<\/a> to launch a Bitcoin cashback Visa card and expand beyond the United States.<\/p>\n<p>Earlier BlockFi <a href=\"https:\/\/forklog.com\/en\/news\/blockfi-launches-a-competitor-to-grayscales-bitcoin-trust\">launched the Bitcoin Trust fund<\/a>, aimed at &#8220;institutional and other accredited investors&#8221;.<\/p>\n<p>Follow ForkLog news on <a href=\"https:\/\/www.facebook.com\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BlockFi will host mining equipment in Blockstream&#8217;s Georgia data centre.<\/p>\n","protected":false},"author":1,"featured_media":42739,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1436,307,1137],"class_list":["post-42738","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-blockfi","tag-blockstream","tag-cryptocurrency-mining"],"aioseo_notices":[],"amp_enabled":true,"views":"29","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/42738","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=42738"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/42738\/revisions"}],"predecessor-version":[{"id":42740,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/42738\/revisions\/42740"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/42739"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=42738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=42738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=42738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}