Blockstream’s ASIC Miner To Launch in Q3 of 2024

“Bitcoin infrastructure firm Blockstream expects to unveil its long-awaited Application-Specific Integrated Circuit (ASIC) miner – a culmination of years of engineering work – around the third quarter of 2024, according to Blockstream CEO and co-founder Adam Back during the company’s first ever media briefing on Tuesday,” reported CoinDesk.”In January 2023, Blockstream raised $125 million to expand mining operations, and says it plans to raise even more capital to fund its mining business. The new ASIC was originally slated for a 2022 launch but Back now anticipates having the miner available in the latter half of 2024.””The company acquired Israeli mining hardware manufacturer Spondoolies in 2021, and brought the manufacturer’s core team into Blockstream’s mining division.”

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