Blockstream announces spinoff of its mining and ASIC divisions
Blockstream, a Bitcoin infrastructure company, announced in a press release on Wednesday that as part of its new expansion strategy, the company will spin off its mining and ASIC departments, making them independent companies. Chris Cook, President of Blockstream's mining division, and Assaf Gilboa, Executive Vice President of the ASIC division, have both been promoted to serve as CEOs of their respective entities. Blockstream CEO Adam Back said: "Looking ahead, we will continue to explore various ways to have the most impact, focusing on building financial rails and infrastructure to help ensure the long-term success of Bitcoin." The company also revealed that it will launch "several new products" at the annual Bitcoin conference in mid-May in Las Vegas, aimed at "creating a more streamlined and integrated user experience within Blockstream's technology stack."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget donates HK$12 million to support fire rescue and reconstruction efforts in Tai Po, Hong Kong
Bitget Spot Margin Announcement on Suspension of ELX/USDT Margin Trading Services
Enjoy perks for new grid traders and receive dual rewards totaling 150 USDT
Bitget Spot Margin Announcement on Suspension of BEAM/USDT, ZEREBRO/USDT, AVAIL/USDT, HIPPO/USDT, ORBS/USDT Margin Trading Services
