Blockstream launches BITCOIN Mining hash Rate token

0 18
Avatar for VinzToni
3 years ago

Blockstream has announced the launch of Blockstream Mining Note, a Liquid-based security token that tokenizes its bitcoin mining hash rate.

Today, Bitcoin infrastructure firm Blockstream announced the launch of a Liquid-based security token called Blockstream Mining Note (BMN), envisioned as a way to give investors exposure to Bitcoin mining.

“Each BMN token entitles investors to hash rate produced by Bitcoin miners at Blockstream’s colocation facilities around the globe,” according to a Blockstream press release shared with Bitcoin Magazine. “The BMN allows investors to mitigate risk beyond the scope of a traditional investment in physical mining infrastructure by more easily adjusting their exposure to Bitcoin mining by packaging mining in a tradable token.”

[bad iframe src]

BMN will be offered through the EU-based security token marketplace STOKR in a series of fungible tranches. The first tranche will go on sale on April 9, open to non-U.S., qualified investors with a minimum investment of roughly $235,000 (200,000 euro).

The offering is meant to give these investors exposure to bitcoin mining without the need to run their own infrastructure. As bitcoin the financial asset becomes more attractive to institutional investors, exposure to the critical practice of mining is doubtlessly growing more popular as well.

[bad iframe src]

“The BMN leverages our extensive experience in the Bitcoin mining space and offers investors up-front, fixed rates with improved tradability,” said Adam Back, Blockstream’s CEO, per the release. “By expanding investor participation in Bitcoin’s proof-of-work, the BMN also strengthens Bitcoin’s security and censorship resistance. It’s a win-win.”

TAGSSECURITY TOKENSBITCOIN MININGBLOCKSTREAM

BY

 PETER CHAWAGA

BUSINESS

BLOCKSTREAM BUYS $25 MILLION OF BITCOIN MINING HARDWARE FROM MICROBT

BUSINESS

SEETEE PARTNERS WITH BLOCKSTREAM FOR BITCOIN MINING DEVELOPMENT

BUSINESS

F2POOL PREDICTS BITCOIN MINING “SHUTDOWN PRICE” BUT HASH RATE STEADY

BUSINESS

BLOCKSTREAM MINING: A GRASSROOTS VISION FOR REDISTRIBUTING HASHRATE

TECHNICAL

BLOCKSTREAM ADDS SIX MEMBERS TO LIQUID FEDERATION

BUSINESS

HASHING AHEAD: A LOOK AT BITCOIN MINING IN 2020

BUSINESS

TITAN ANNOUNCES NORTH AMERICAN BITCOIN MINING POOL

BUSINESS

BITCOIN HASH RATE HEADING TO 100 EH/S: HOW PRICE, HALVING AND SECURITY ARE INVOLVED

BUSINESS

WITH 4.3 MILLION BITCOIN MINING MACHINES, HASH RATE TO HIT 120 E BY 2020

TECHNICAL

BLOCKSTREAM RELEASES FIRST ENTERPRISE-GRADE PRODUCT ON LIQUID

CULTURE

MALTA STOCK EXCHANGE AND BINANCE TO LAUNCH TOKENS PLATFORM

BUSINESS

BITMAIN’S ANTMINER 17 SOLD OUT IN MINUTES. WILL THE BITCOIN HASH RATE RISE?

BUSINESS

HASHR8 ASSESSES THE WORLD OF BITCOIN MINING WITH LAUNCH OF INDEX REPORTS

TECHNICAL

BLOCKSTREAM ANNOUNCES ATOMIC SWAP INTEGRATION FOR LIQUID

BUSINESS

BITCOIN HASH RATE HITS ALL-TIME HIGH BEHIND PRICE RISE, PRIVATE POOLS IN CHINA

SEE MORE

© 2021


1
$ 0.00
Avatar for VinzToni
3 years ago

Comments