2021 was a tremendous year for Blockstream and the Bitcoin ecosystem in general. Thanks to our talented and dedicated team of Bitcoiners, we continue to be at the vanguard of many of the industry’s most influential and cutting-edge projects.
In the spirit of the new year, we wanted to reflect on some of our most ambitious undertakings in 2021 their impact, and where they currently stand.
Growing With Bitcoin
This year, bitcoin achieved new highs, became legal tender on a nation-state level and reached another leg up in its quest for worldwide adoption. We at Blockstream had a similar breakout year, with the successful close of $210 million as part of our series B financing on a valuation of $3.2 billion, officially reaching unicorn status.
The acquisitions of Adamant Capital and Spondoolies helped further our mission of building financial infrastructure on Bitcoin by spawning several new initiatives, including our new ASICs division that will launch the industry’s first enterprise-grade miner and the introduction of Blockstream Finance that is serving as an on-ramp for Bitcoin-focused financial products like the Blockstream Mining Note.
We continue to integrate Bitcoin Layer 2 solutions like the Lightning Network and the Liquid sidechain, farther into the Blockstream product and service suite (i.e., Elements, Green, AQUA, Jade, Satellite, c-lightning), all free and open to developers.
The suite of Blockstream products
Solving Energy Inefficiencies With Proof Of Work
During the first half of 2021, our Blockstream Mining division scaled at an impressive pace, signing high-profile clients to colocation services and announcing a slew of partnerships focused on alternative energy solutions. The most notable were collaborations with Macquarie to pilot a carbon-neutral Bitcoin mining facility and with Square (now Block) to develop a $5 million open-source, solar-powered Bitcoin mine in the U.S.
Ultimately, the Macquarie and Block mining facilities will demonstrate how…
