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

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by Giorgi Kostiuk

a year ago

  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.

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