DeFi News Official TheBitTimes.com

Blockstream intends to buy and store ASIC mining hardware ahead of Bitcoin’s halving in 2024. Blockchain technology firm Blockstream is looking to raise up to $50 million to purchase and store mining equipment that it perceives to be undervalued on secondary markets. Speaking exclusively to Cointelegraph, Blockstream mining sales head James Macedonio unpacked the company’s plans to take advantage of a “huge separation” in the value of Bitcoin (BTC) and ASIC mining equipment. Blockstream is partnering with Luxembourg-based digital securities marketplace STOKR to launch the Blockstream ASIC (BASIC) Note. Macedonio said that blockstream will look to initially secure $5 million for its Series 1 BASIC Notes, each valued at $115,000, to buy ASICs at scale, store and then sell them back to the market as demand for hardware picks up into 2024. The 24-month investment note is set to be available to accredited international investors, while Macedonio said that the firm anticipates seeing retu...

The company expects to raise another $20-$30 million when the full round closes in the coming months. Game publisher Mythical Games has secured $37 million in Series C1 funding, with plans to launch a new marketplace and pursue other revenue-generating initiatives. With this funding, Mythical will continue to hold the unicorn status with a valuation of over $1 billion. “Our focus is optimizing our business to get to profitability by year's end, and the funds will primarily be used in our efforts to achieve that," told John Linden, co-founder and CEO of Mythical Games speaking to Cointelegraph. The round was led by Scytale Digital with ARK Invest, Animoca Brands, MoonPay, PROOF VC, and Stanford Athletics, alongside previous investors Andresseen Horowitz, WestCap, Gaingels, Signum Growth, and Struck Capital. Mythical expects an additional $20-$30 million raise in the coming months, when the full round is expected to close. The publisher plans to release in a few months its n...