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Blockstream Raises $210M, Acquires Mining Chip Manufacturer Spondoolies | Crypto News LIVE Media

Canadian bitcoin technology company Blockstream is valued at $3.2 billion following a $210 million Series B raise, which will fund an expansion into manufacturing specialized mining chips (ASICs). The firm has also acquired Israeli bitcoin mining hardware manufacturer Spondoolies. "The Hash" panel discusses why this is a "huge deal" for Blockstream's growth and whether more crypto companies are likely to follow suit in broadening their expertise.

#cryptocurrency #digitalfinance #finance #bitcoin #crypto
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