Blockstream Launches Series 3 of BMN2 Tokens Linked to Bitcoin Hash Rate

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Launch of BMN2 Tokens
  2. Features of BMN2
  3. Pricing Advantages of BMN2


    4. Blockstream has announced the launch of Series 3 of its BMN2 tokens, providing investors with exposure to Bitcoin hash rate amid growing interest in mining opportunities.

    Launch of BMN2 Tokens

    On Thursday, Bitcoin infrastructure developer Blockstream launched Series 3 of its security token, the Blockstream Mining Note 2 (BMN2). These tokens provide qualified, non-U.S. investors with exposure to Bitcoin hash rate operated by the firm's North American enterprise-grade mining facilities, in partnership with Luxembourg-based virtual assets service provider STOKR.

    Features of BMN2

    Each BMN2 token entitles holders to the Bitcoin produced by 1 PH/s (Peta hash per second) of Blockstream’s mining hash rate. The token is designed to strategically involve investors before the next Bitcoin halving. BMN2 aims to replicate the success of the first iteration of Blockstream's mining note (BMN1), which launched in 2021 and matured in July 2024, delivering a 32% Bitcoin return over the three-year term.

    The BMN product was created to deliver a consistent hash rate with the goal of maintaining a strong and steady investment outcome.Chris Cook, CIO of Blockstream

    Pricing Advantages of BMN2

    BMN2 tokens offer a fixed cost of $31,000 PH/s over 48 months, which is significantly below the current market hash rate price. Mining operations for BMN2 commenced this week at an equivalent hosting rate of less than $0.045/kWh compared to an industry average of $0.065 for enterprises and $0.075 for retail customers. 80% of the power for the operations is derived from carbon-neutral sources.

    The launch of Series 3 BMN2 tokens highlights Blockstream's commitment to offering innovative solutions for investors in the Bitcoin mining sector.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

KuCoin Stops Services for Russian and Belarusian Users

KuCoin has announced the discontinuation of all services for users in Russia and Belarus, effective immediately as of October 29, due to legal and regulatory requirements.

user avatarArif Mukhtar

FCA Confirms HTX Has Ceased Operations in the UK

The Financial Conduct Authority (FCA) has confirmed that HTX is no longer active in the UK following a settlement regarding financial promotions.

user avatarMaria Gutierrez

Strategy's Financial Overview Highlights Cash Management and Asset Valuation

Strategy's Financial Overview Highlights Cash Management and Asset Valuation

user avatarDavid Robinson

Strategy Reports Significant Bitcoin Holdings and Digital Asset Gains

Strategy reports 848,517 BTC holdings and $20.91 billion gains from digital assets.

user avatarAndrew Smith

Binance Announces Phased Withdrawal Restart

Binance has announced a phased approach to restarting withdrawals, having replenished 95% of affected assets.

user avatarJacob Williams

Bitcoin Price Recovery Approaches $78,000

Bitcoin's price recovery has brought it closer to the $78,000 mark after a week of volatility.

user avatarSon Min-ho

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.