.Blockstream will finally launch its new ASIC miner sometime in late 2024, adam3us said during the company’s inaugural media briefing. FrederickMunawa reports.
Bitcoin infrastructure firm Blockstream expects to unveil its long-awaited Application-Specific Integrated Circuit miner – a culmination of years of engineering work – around the third quarter of 2024, according to Blockstream CEO and co-founder Adam Back during the company’s first ever media briefing on Tuesday.
The company acquired Israeli mining hardware manufacturer Spondoolies in 2021, and brought the manufacturer’s core team into Blockstream’s mining division, which is headed by Chris Cook with former Spondoolies CEO Assaf Gilboa serving as executive vice president.to expand mining operations, and says it plans to raise even more capital to fund its mining business. The new ASIC was originally slated for a 2022 launch but Back now anticipates having the miner available in the latter half of 2024.
“There's two rough approaches to manufacturing. One is to do a shuffle run first, which is kind of a test run,” Back told CoinDesk during the briefing. “So that would put the miner into sort of Q3 next year roughly.” Besides delving into Blockstream’s mining business, Back and his executive team discussed the firm’s other projects such as
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