CoinDesk Podcast Network
THE MINING POD: Blockstream’s ASIC Mining Note With Adam Back
Sep 10, 2024
In this discussion, Adam Back, the CEO of Blockstream and a renowned cryptographer, dives into the innovative BMN2 financial instrument designed to democratize Bitcoin mining investment. He explains the mechanics of Blockstream’s mining operations, including energy management and strategic locations. Back also unpacks the financialization of mining notes and their implications for secondary markets, investing strategies, and market behaviors. The conversation highlights the lessons learned in Bitcoin mining and the evolution of the sector towards more accessible financial products.
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Quick takeaways
- Blockstream is introducing the BMN2 financial instrument to facilitate investments in Bitcoin mining without requiring physical hardware involvement.
- The evolution of Blockstream’s business model highlights a significant shift from traditional mining services to innovative financial products for accredited investors.
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