{"id":73027,"date":"2023-01-25T11:20:16","date_gmt":"2023-01-25T09:20:16","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=73027"},"modified":"2025-09-09T11:49:58","modified_gmt":"2025-09-09T08:49:58","slug":"blockstream-raises-125-million-to-expand-hosting-services","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/blockstream-raises-125-million-to-expand-hosting-services\/","title":{"rendered":"Blockstream raises $125 million to expand hosting services"},"content":{"rendered":"<p>The infrastructure company Blockstream announced that it had raised $125 million through a convertible note and secured loan.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We\u2019re excited to announce that we\u2019ve raised $125 million in convertible note and secured loan financing to expand our institutional <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> mining colocation services.<a href=\"https:\/\/t.co\/WywXBTNnYb\">https:\/\/t.co\/WywXBTNnYb<\/a> <a href=\"https:\/\/t.co\/Z0s2lTvp4W\">pic.twitter.com\/Z0s2lTvp4W<\/a><\/p>\n<p>\u2014 Blockstream (@Blockstream) <a href=\"https:\/\/twitter.com\/Blockstream\/status\/1618057878602149888?ref_src=twsrc%5Etfw\">January 25, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The company will deploy the funds to expand capacity, &#8216;to meet strong demand for its hosting services&#8217;. The financing was provided by Kingsway Capital, Fulgur Ventures and other investors.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cRecent events in the cryptocurrency industry as a whole underline the value and importance of the work Blockstream is doing in both blockchain development and Bitcoin mining,\u201d the press release said.<\/p>\n<\/blockquote>\n<p>The firm also plans to broaden access to its cryptocurrency mining solutions powered by renewable energy and will continue developing its own &#8216;institutional-grade&#8217; Bitcoin miner.<\/p>\n<p>Blockstream president and CFO Eric Svenson said the company remains focused on reducing risk for enterprise users.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\u201cWe remain focused on reducing risk for institutional <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> miners and enabling enterprise users to build high-value use cases,\u201d <\/p>\n<p>\u2014 <a href=\"https:\/\/twitter.com\/e_svenson?ref_src=twsrc%5Etfw\">@e_svenson<\/a>, Blockstream President and CFO<\/p>\n<p>\u2014 Blockstream (@Blockstream) <a href=\"https:\/\/twitter.com\/Blockstream\/status\/1618110885914087425?ref_src=twsrc%5Etfw\">January 25, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In the spring of 2021 Blockstream <a href=\"https:\/\/forklog.com\/en\/news\/blockstream-to-launch-hash-rate-backed-bitcoin-token\">announced the issuance of security tokens<\/a>, designed to give investors access to mining of the first cryptocurrency.<\/p>\n<p>In August the company <a href=\"https:\/\/forklog.com\/en\/news\/blockstream-raises-210-million-at-a-3-2-billion-valuation\">raised $120 million<\/a> at a valuation of $3.2 billion. The Series B round was led by early investor Google and Tesla \u2014 Baillie Gifford, a Scottish asset manager.\u00a0<\/p>\n<p>In the same year Blockstream <a href=\"https:\/\/forklog.com\/en\/news\/blockstream-raises-36m-through-sale-of-bitcoin-hashrate-backed-security-tokens\">placed the sixth tranche<\/a> of hashrate-backed Bitcoin security tokens and brought the total raised through such instruments to \u20ac30.9 million (~$36 million at the rate at that time).<\/p>\n<p>In April 2022, Tesla <a href=\"https:\/\/forklog.com\/en\/news\/tesla-block-and-blockstream-to-mine-bitcoin-on-solar-energy\">joined<\/a> with Block, Jack Dorsey\u2019s company, and Blockstream to build a solar-powered Bitcoin mining data centre.<\/p>\n<p>Follow ForkLog\u2019s Bitcoin news on our <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The infrastructure company Blockstream announced the $125 million raise through a convertible note and secured loan.<\/p>\n","protected":false},"author":1,"featured_media":73028,"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":[307,1137,52],"class_list":["post-73027","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blockstream","tag-cryptocurrency-mining","tag-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/73027","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=73027"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/73027\/revisions"}],"predecessor-version":[{"id":73029,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/73027\/revisions\/73029"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/73028"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=73027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=73027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=73027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}