Blockstream's ASIC Miner To Launch in Q3 of 2024
Blockstream has announced that it plans to reveal its much anticipated Application-Specific Integrated Circuit (ASIC) miner in Q3 of 2024.
- "Bitcoin infrastructure firm Blockstream expects to unveil its long-awaited Application-Specific Integrated Circuit (ASIC) miner – a culmination of years of engineering work – around the third quarter of 2024, according to Blockstream CEO and co-founder Adam Back during the company’s first ever media briefing on Tuesday," reported CoinDesk.
- "In January 2023, Blockstream raised $125 million to expand mining operations, and says it plans to raise even more capital to fund its mining business. The new ASIC was originally slated for a 2022 launch but Back now anticipates having the miner available in the latter half of 2024."
- "The company acquired Israeli mining hardware manufacturer Spondoolies in 2021, and brought the manufacturer’s core team into Blockstream’s mining division."
