Blockstream's New Bitcoin Mining Security Token Promises Higher Returns Than Direct Bitcoin Investments

Blockstream's Bitcoin Mining Security Token Projected to Outperform Direct Bitcoin Investments

According to wallstreet:online, Blockstream has launched Series 3 of its highly anticipated product, the Blockstream Mining Note 2 (BMN2), in response to increased investor interest in Bitcoin mining opportunities. The BMN2 is an EU-compliant hash rate-backed security token that offers direct exposure to the Bitcoin hash rate operated by Blockstream’s state-of-the-art facilities across North America. Arnab Naskar, Co-founder and Co-CEO of STOKR, a digital asset investment platform, declared it "the highest payout in real world asset (RWA) security token history."

The article from FinanzNachrichten.de highlights that BMN2 follows a similar economic model as its predecessor BMN1 but includes enhanced safeguards for the hash rate. These include a reserve of 50% of the stated hash rate per day to protect against potential miner failures and reduced efficiency issues not caused by force majeure events.

Hut 8 Operations Update for August 2024

As reported on wallstreet:online, Hut 8 Corp., one of North America's largest Bitcoin miners, released their operations update for August 2024. CEO Asher Genoot emphasized their focus on low-cost operations and maximizing returns from their current fleet while planning upgrades to next-generation ASICs. Their curtailment software enabled profitable mining during typically high-energy cost months like August.

The company also advanced commercialization efforts for their Texas Panhandle site with plans targeting energization in H1 2025. Additionally, they energized Building 1 at Cedarvale and aim to bring three more buildings online by December this year.

Sources:

Your opinion on this article

Your name

Your email address

Please enter a valid email address.

Your comment

Please enter a comment.

Please inform me by email when it is published or when I receive a reply

No comments available

Article Summary

Blockstream has launched the BMN2, an EU-compliant hash rate-backed security token offering exposure to Bitcoin mining, projected to outperform direct Bitcoin investments. Meanwhile, Hut 8 Corp., a major North American Bitcoin miner, reported operational updates for August 2024 focusing on low-cost operations and future site expansions.