Blockstream, a Bitcoin infrastructure services company, today announced a new partnership with financial services giant Macquarie to develop and manage zero-emission Bitcoin mining facilities.
The first project will be based in North America and will utilize Blockstream’s enterprise-grade mining facilities and expertise in mining hardware hosting to provide additional security to the Bitcoin network.
Partnership
This partnership opens a wide range of exciting Bitcoin and mining-related opportunities for both Macquarie and Blockstream. The new initiative with Macquarie will include mining hardware hosting to start, with the potential to scale in stages as green power infrastructure is deployed.
Further, the new partnership with Macquarie builds on Blockstream’s previously announced collaborations with Aker and Square to build out alternative and renewable-powered Bitcoin mining projects.
Green Mining
Macquarie is a financial services group based out of Sydney, Australia with AUD $550B (USD $11B) in assets under management and operates across the globe in 32 markets.
Their offerings include a variety of services spanning from asset management, retail and business banking, wealth management, leasing, and asset financing, to market access, commodity trading, renewables development, special advisory, capital raising, and principal investment.