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Blockstream Raises $210 Million Valued At $3.2 Billion



Bitcoin infrastructure firm Blockstream has announced a $210 million Series B financing round led by investment management company Baillie Gifford and iFinex. The raise now puts the company at a $3.2 billion valuation, says a press release sent to Bitcoin Magazine.

Some of the money raised will be spent on advancing Blockstream’s bitcoin mining products and services like Blockstream Energy. The new mining infrastructure they are building is planned to be used in many partnerships such as their collaboration with Square, where they are developing a solar-powered mining facility.

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