Blockstream announces Bitcoin mining facilities in North America
Blockstream unveils new Bitcoin mining operations in North America, aiming to expand its network infrastructure and support decentralization.
On October 1, 2018, Blockstream, the blockchain infrastructure company co-founded by Adam Back, announced the launch of new Bitcoin mining facilities in North America. These facilities were designed to expand Blockstream’s mining capabilities, supporting the decentralization and security of the Bitcoin network. The company detailed the deployment of advanced ASIC hardware optimized for efficiency and resilience, while also emphasizing environmentally responsible power sourcing through renewable energy partnerships.
Blockstream’s expansion aimed to provide infrastructure for its satellite and Lightning Network services, ensuring that the company’s operations contributed to wider access to Bitcoin transactions even in areas with limited internet connectivity. Media outlets highlighted this move as a significant step toward reinforcing the North American contribution to global Bitcoin mining, increasing network decentralization, and maintaining security against centralization risks.
The announcement included discussions of economic benefits for local communities where the facilities were established, as well as opportunities for research into efficient and low-cost mining strategies.Analysts noted that Blockstream’s strategy integrated mining operations with development of Layer 2 technologies, reinforcing the company’s position at the forefront of Bitcoin innovation and infrastructure deployment.