{"id":9534,"date":"2021-09-08T23:15:42","date_gmt":"2021-09-08T22:15:42","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=9534"},"modified":"2021-09-08T23:15:53","modified_gmt":"2021-09-08T22:15:53","slug":"blockstream-partners-with-macquarie-group-to-launch-bitcoin-mining-pilot-program","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/blockstream-partners-with-macquarie-group-to-launch-bitcoin-mining-pilot-program\/","title":{"rendered":"Blockstream partners with Macquarie Group to launch Bitcoin mining pilot program"},"content":{"rendered":"\n
Blockstream, a blockchain infrastructure company<\/a>, has teamed up with Macquarie Group, an Australian international investment bank to develop and manage a zero-emission Bitcoin mining facilities.<\/h5>\n\n\n\n
\"with<\/figure>\n\n\n\n

According to the firms, Macquarie Group is investing in one of Blockstream's enterprise-grade mining \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>operations as part of the pilot project.<\/p>\n\n\n\n

This will enable Macquarie Group to identify new renewable energy opportunities that can be leveraged for more sustainable Bitcoin mining initiatives.<\/p>\n\n\n\n

As of March 31, 2021, Macquarie Group was one of the major institutional investors in renewable energy infrastructure, with 44 gigawatts of capacity in development or construction.<\/p>\n\n\n\n

After successfully receiving $210 million in Series B funding, Blockstream has expanded its aspirations in the Bitcoin mining business.<\/p>\n\n\n\n

The company also announced that it has acquired the intellectual property of Spondoolies, a Bitcoin mining hardware<\/a> maker, in addition to the successful campaign. As a result, Spondoolies' main staff joined Blockstream's newly formed ASIC unit.<\/p>\n\n\n\n

Blockstream's increased focus on Bitcoin mining drew a substantial investment from Twitter CEO Jack Dorsey, who pledged $5 million toward a solar-powered mining facility, as Cointelegraph reported in June.<\/p>\n\n\n\n

This year, Bitcoin mining drew a lot of attention from the general public after Tesla CEO Elon Musk appeared to disown the cryptocurrency due to fears that its network was unsustainable.<\/p>\n\n\n\n

Soon after, a public debate about renewable Bitcoin erupted<\/a>, with industry leader Michael Saylor gathering a group of Bitcoin miners.<\/p>\n\n\n\n

Musk appears to have changed his opinion on mining's bad impact on the environment, even confirming that SpaceX, another company he controls, has Bitcoin on its books.<\/p>\n\n\n\n

The Bitcoin network's hashrate looks to be increasing again, following a severe disruption caused by China, which effectively outlawed BTC miners earlier this year.<\/p>\n","protected":false},"excerpt":{"rendered":"

Blockstream, a blockchain infrastructure company, has teamed up with Macquarie Group, an Australian international investment bank to develop and manage a zero-emission Bitcoin mining facilities. According to the firms, Macquarie Group is investing in one of Blockstream’s enterprise-grade mining operations as part of the pilot project. This will enable Macquarie Group to identify new renewable […]<\/p>\n","protected":false},"author":12,"featured_media":9548,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83,130],"tags":[754,3988,4315],"class_list":["post-9534","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","category-blockchain-news","tag-bitcoin-mining","tag-blockstream","tag-macquarie"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/09\/Blockstream-partners-with-Macquarie-Group-to-launch-Bitcoin-mining-pilot-program.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/9534","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=9534"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/9534\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/9548"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=9534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=9534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=9534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}