Blockchain technology firm Blockstream is looking to raise up to $50 million to purchase and store mining equipment that it perceives to be undervalued on secondary markets.
Speaking exclusively to Cointelegraph, Blockstream mining sales head James Macedonio unpacked the company’s plans to take advantage of a “huge separation” in the value of Bitcoin (BTC) and ASIC mining equipment.
ASIC price index reflects the current price per terahash of different Bitcoin mining ASICs grouped by three efficiency tiers. Source: ASIC Index Data
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