Blockstream spins out mining and ASIC divisions in major restructuring effort

Blockstream is restructuring its operations, spinning out its mining and ASIC divisions into independent entities. This follows a significant funding round earlier in October 2024, aimed at enhancing Bitcoin’s infrastructure.

Chris Cook and Assaf Gilboa have been appointed as CEOs of the newly independent companies. The firm plans to introduce several new products at the Bitcoin Conference in Las Vegas, focusing on improving user experience.

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