The new fundraising brings Blockdaemon’s total valuation to $1.255 billion, adding it to the list of companies that have reached unicorn status.
The sustainability of bitcoin mining has come under harsh criticism recently, but experts insist that the industry is on the right track toward sustainability.
Transaction fees are at historical lows, but block subsidies are still attractive.
Nearly 70% of the clients on the network signal support for EIP-1559, but opposition is abound.
“There appears to be a positive trend in energy for bitcoin,” Elon Musk said during the “Bitcoin as a Tool for Economic Empowerment” session at The B-Word conference.
CoinShares-backed fund manager’s actively managed offering comes amid negative sentiment around environmental impact of crypto mining
The proceeds are going to be used to acquire additional mining machines, create new data centers overseas, expand its infrastructure and boost its working capital position, BIT Mining said.