Blockstream launches a bitcoin mining farm with Fidelity as an early customer

Blockstream has launched a colocation mining service, Blockstream Mining, along with a BetterHash-based mining pool, Blockstream Pool, according to a Thursday announcement. The new initiatives already count the Fidelity Center for Applied Technology and LinkedIn founder Reid Hoffman as customers. Blockstream's announcement stated that 300 megawatts, or 300,000 kilowatt-hours of energy, will be made available to customers. CoinDesk reports that level of energy supply would be able to power up around 100,000 more-advanced ASIC mining models such as MicroBT’s WhatsMiner M20S or Bitmain’s AntMiner S17 Pro.

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