BlockstreamBusinessMiningSeetee

Setee Partners With Blockstream For Bitcoin Mining Development

Blockstream has announced a partnership with the newly-launched Seetee to accelerate renewable energy use for bitcoin mining.After an influx of top-U.S. companies investing in bitcoin, it appears that the rest of the world is beginning to play catch up. Yesterday, Norwegian holding company Aker ASA announced the formation of a new business, Seetee, that will be dedicated to bitcoin investment and fostering its underlying technology.Shortly afterward, Blockstream announced a partnership with Seetee to focus on using bitcoin to maximize existing energy production. “While Bitcoin is well on its way to transforming the financial industry, it also holds the potential to bring about radical improvements in global energy distribution,” according to the announcement. “Our partnership with Seetee will improve power grid efficiency, drive further investment in renewable energy, and act as a catalyst to a more sustainable future — all while improving Bitcoin’s security in the process.”Blockstream is a Bitcoin development firm with several fronts, including a mining division, a Bitcoin sidechain called Liquid, a satellite that broadcasts the Bitcoin network and more. The announcement suggested that the firms would rely on Aker’s expertise in the legacy energy sector to explore bitcoin applications.“By dynamically balancing energy demand through Bitcoin mining, Blockstream enables greater scale and significantly improves the economics of renewable energy projects,” per the announcement. “Seetee and its parent Aker have extensive renewable energy assets around the world. This opens new doors and enables us to pursue even more ambitious projects in Bitcoin mining.” …
Story continues on Bitcoin Magazine

Related posts
Businesscoinbase proDeFiEthereumExchange Listing

Coinbase Pro Lists SushiSwap, Polygon, Skale Network

Order books for Polygon, Skale Network, and SushiSwap will open on Coinbase Pro this week.  Coinbase Pro Expands Listings  Coinbase Pro is adding three new tokens this week.  Inbound transfers for Polygon, Skale Network, and SushiSwap are open now, with…
BusinessCointelegraph.comCryptocurrency ExchangeGeminiSportwinkelvoss twins

Gemini crypto exchange sponsoring the Oxford-Cambridge boat race

“We are thrilled to be combining two of our greatest passions — rowing and crypto — with our sponsorship of this historic event,” said the Winklevoss twins. Tyler and Cameron Winklevoss, co-founders of the Gemini cryptocurrency exchange and former olympian…
BusinessCointelegraph.comHODLInvestmentsmedicineUnited Kingdom

HODLer claims to have used crypto profits for father's cancer treatment

A Redditor reportedly recommended an acquaintance invest in ADA, XDC, GLM, NEXO, and ETH back in 2019. Though investing in crypto has the potential to radically change someone’s financial situation, one HODLer is saying their actions may have actually saved…