ChainCatcher news, Bitcoin infrastructure company Blockstream has completed a $210 million convertible note financing, led by Fulgur Ventures. This round of financing will be used to accelerate the market adoption of its Bitcoin Layer 2 technology, expand its mining operations, and increase its Bitcoin reserves.Blockstream's Layer 2 solutions include Liquid Network and Core Lightning.It is reported that over $1.8 billion in assets have been issued on the Liquid Network, including stablecoins, tokenized bonds, and securities, with approximately 3,844 Bitcoins (worth about $250 million) locked on-chain. The company plans to position Liquid as the "de facto infrastructure" for the tokenization of physical assets within the Bitcoin ecosystem.

According to ChainCatcher, as reported by CoinDesk, Bitcoin infrastructure company Blockstream is expected to launch its dedicated integrated circuit (ASIC) miners around the third quarter of 2024. The company acquired Israeli mining manufacturer Spondoolies in 2021 and brought the core team of the manufacturer into Blockstream's mining division. In January of this year, Blockstream completed a $125 million financing round to expand its Bitcoin mining services. The new ASIC miners were initially scheduled for release in 2022, but are now expected to be launched in the second half of 2024. (CoinDesk)