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

by Giorgi Kostiuk

2 years ago

Made with AI

Launch of BMN2 Tokens
Features of BMN2
Pricing Advantages of BMN2

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 Cache Room

Resource Cache

Tier I

Requires 25% Tier Progress to Claim

Meme Cache

Tier I

Requires 50% Tier Progress to Claim

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

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

Tier I

Sector: #18291

25%

50%

75%

100%

Tier II

Survivors rescued:

0 / 600

Survivors

0/0

Transmit Signal

Broadcast this sector's coordinates to other rescuers.

Other news

Trump Calls for Passage of Clarity Act to Boost U.S. Crypto Market

President Trump called for Congress to pass the Clarity Act to establish federal rules for digital assets and maintain U.S. leadership in the crypto market.

David Robinson9 hours ago

GTA 6 Gameplay Leaks Cause Stock Decline for Take Two

This week, the highly anticipated release of GTA 6 from Rockstar Games and Take Two Interactive has been marred by several gameplay leaks, causing Take Two's stock to decline over 15%.