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Author: Admin | 2025-04-28
To allocate miners strategically. Longer term, we would like to bring new product lines to sell to other miners and individuals globally and to support Blockstream Mining products like BMN [Blockstream Mining Note] and Blockstream Energy.”In a recent series B round, Blockstream raised $210 million. The financing, backed by U.K-based private equity firm Baillie Gifford and Hong Kong-based iFinex, which runs the cryptocurrency exchange Bitfinex, gave Blockstream a $3.2 billion valuation.Though this valuation and the consistent growth of Blockstream seem to set the stage for a public listing, for now, Dr. Back plans to keep innovating as the CEO of a private company.“Our capitalization with the B round is higher than some public market crypto sector companies,” he said. “We may at a future time consider a public listing, but for the moment we have the flexibility and agility afforded by operating as a private company and ample funding to accelerate growth.”
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