“This is a step to proving our thesis that Bitcoin mining can fund zero-emission power infrastructure and build economic growth for the future,” he added.
Co-founded in 2014 by Back, a British cryptographer whose early proof of work system influenced bitcoin’s anonymous creator Satoshi Nakamoto , Victoria, Canada-based Blockstream is best known for the creation of Liquid, a bitcoin sidechain that enables cryptocurrency exchanges, traders and institutions to issue digital assets and conduct transactions at a greater speed than the bitcoin network allows.
In recent months, bitcoin miners, regularly criticized for significant energy consumption, have been adopting the so-called ‘green’ strategies.