About | Blockstream

About Us

Founded in 2014, Blockstream has been the leading provider of blockchain technologies and has remained on the forefront of work in cryptography and distributed systems.

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Our Mission

Blockstream’s mission is to create the financial infrastructure of the future. We build crypto-financial infrastructure based on Bitcoin, the most robust and secure blockchain. Applying cutting-edge cryptography and security engineering, we’re building the technology that makes financial markets more efficient by reducing reliance on trust. With a long-term outlook on delivering robust and scalable solutions, we invest heavily in research and development to strengthen the Bitcoin ecosystem and protocol.

Peer-to-peer, open-network finance holds the promise to change the world for the benefit of all. Blockstream is proud to be making this a reality.

Core Values

Permissionless innovation.

The success of the internet in recent years is built on permissionless innovation -- nowhere is this kind of progress more important than in the financial industry.

Don’t trust. Verify.

We believe in empowering individuals and businesses to take control of their own finances and reducing the need for trusted third parties.

Open finance for everyone.

We build software that accelerates the adoption of Bitcoin and peer-to-peer finance for a fairer financial system that benefits everyone, not just a privileged few.

Leadership

Dr Adam Back

Co-founder & CEO

Co-founder and CEO of Blockstream, Dr. Adam Back, invented Hashcash, the proof-of-work algorithm..

Erik Svenson

President & CFO

Erik Svenson is co-founder, President, and CFO of Blockstream, who brings over 20 years of experience..

Michael Minkevich

Chief Operating Officer

Michael Minkevich is a seasoned technology executive with over 20 years of experience leading..

Lawrence Nahum

Chief Architect

As Chief Architect at Blockstream, Lawrence Nahum directs the software and hardware development of our..

Jeff Boortz

Chief Product Officer

Jeff Boortz oversees the Blockstream product portfolio, bringing more than 20 years of product management..

Sean Bill

Chief Investment Officer

Sean Bill is the Chief Investment Officer at Blockstream, leading the Asset Management Division to develop..

Aleksey Skopenko

Chief Information Officer

Aleksey Skopenko is the Chief Information Officer at Blockstream, bringing over 20 years of experience in IT operations..

Investors

$Future \ Perfect \ Ventures$

Our Offices

Distributed By Design

100+ team of the very best in Bitcoin. Wide range of experience, backgrounds, and expertise.

Global Presence

Offices in Montreal, Mountain View and Rehovot (Israel), and remote team around the world.

History

2014

Founded by Adam Back, Erik Svenson, Pieter Wuille, and others.

November 2014

Raised $21M in seed funding.

2015

June 2015

First version of Elements released.

2016

February 2016

Raised $55M in Series A funding.

July 2016

Bitcoin wallet provider GreenAddress is acquired.

2017

April 2017

Confidential Assets is released.

August 2017

Blockstream Satellite is launched.

November 2017

Digital Garage invests in Blockstream, raising total funding to more than $80M.

December 2017

c-lightning, Blockstream’s implementation of the Lightning Network, is launched.

2018

January 2018

Lightning Charge is launched to support developers building applications on the Lightning Network.

March 2018

The Cryptocurrency Data Feed is launched in partnership with Intercontinental Exchange.

October 2018

The Liquid Network is launched in partnership with some of the world’s largest cryptocurrency exchanges and trading desks.

2019

January 2019

The Blockstream Satellite API is launched.

January 2019

Blockstream enter joint venture, Crypto Garage, with Digital Garage and The Tokyo Tanshi to expand Bitcoin application in Japan.

March 2019

Blockstream Green Wallet launched.

July 2019

Tether launches on the Liquid Network.

July 2019

Liquid support added to Green.

July 2019

Liquid support added to Lightning.

August 2019

Blockstream Mining service revealed.

2020

January 2020

Liquid Network support added for BTCPay Server.

March 2020

The Liquid Federation grows to 45 members.

May 2020

Blockstream Satellite 2.0 launched, providing expanded coverage and full-history sync support.

May 2020

Ledger adds support for the Liquid Network.

May 2020

Blockstream Green desktop app launched.

June 2020

Liquid Ventures Initiative launched to generate funding for startups building on Liquid.

July 2020

The Liquid Federation grows to 53 members.

October 2020

Announces the Blockstream Asset Management Platform (AMP), enabling programmable security tokens on Liquid.

2021

January 2021

Reveals Blockstream Jade, a fully open-source hardware wallet.

January 2021

The Liquid Federation grows to 59 members.

March 2021

Launches the Blockstream Mining Note (BMN), a security token that exposes investors to Bitcoin mining hashrate.

March 2021

Galaxy Digital taps Blockstream for mining colocation services.

April 2021

The first tranche of the BMN goes live on STOKR.

May 2021

Acquires Adamant Capital and establishes Blockstream Finance.

May 2021

BlockFi taps Blockstream for mining colocation services.

June 2021

Announces collaboration with Block Inc. to build an open-source, solar-powered Bitcoin mining facility in the US.

July 2021

On-demand Lightning node service Greenlight is launched.

July 2021

Completes a fully subscribed second tranche of the BMN and mining goes live.

August 2021

Blockstream Mining acquires Spondoolies with plans to build the world's first-ever enterprise-class miner.

August 2021

Launches Blockstream Energy with modular mining units (MMUs).

August 2021

Reaches unicorn status with a valuation of $3.2B.

August 2021

Secures $210M in Series B financing.

September 2021

Partners with Macquarie to explore zero-emission Bitcoin mining.

September 2021

Blockstream Talk podcast airs its first episode featuring Blockstream CEO Dr. Adam Back.

October 2021

RaspiBlitz integrates c-lightning.

October 2021

Closes $16 Million BMN tranche, bringing total to $36 million.

October 2021

Sponsors MiniMint, bringing the privacy and scalability of e-cash to Bitcoin.

October 2021

Specter Solutions adds support for the Liquid Network.

2022

January 2022

The BMN becomes available on Bitfinex Securities, a new STO platform.

January 2022

The Liquid Federation grows to 63 members.

January 2022

Liquid adds Taproot support.

March 2022

c-lightning is renamed to Core Lightning.

April 2022

The BMN is listed on MERJ, a global stock exchange.

April 2022

Breez integrates Greenlight to build non-custodial Lightning apps.

April 2022

Construction begins on solar-powered Bitcoin mine with Tesla’s solar and battery infrastructure powering the site.

2023

January 2023

Blockstream raises USD $125M to expand mining operations

February 2023

Blockstream announces the launch of the new Blockstream Research brand

August 2023

Blockstream Bets on ASIC Market Recovery with Launch of New ‘BASIC Note’ Investment Vehicle

October 2023

Blockstream Launches Greenlight for Scalable, Non-Custodial Lightning Integration

Future

In the News

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Blockstream Opens New Funding Round For Its Second Bitcoin Mining Security Token

Blockstream Is Betting on Bitcoin Comeback as It Hoards Crypto Mining Rigs

Bitcoin Infrastructure Firm Blockstream to Unveil Its Long-Awaited Mining Rig in 3Q of 2024

Blockstream raises $125M to finance expanded Bitcoin mining operations

Blockstream Raises $125 Million For Bitcoin Mining Expansion

Block And Blockstream Begin Construction On Bitcoin Mining Facility Using Solar And Storage Technology From Tesla

Tesla, Block and Blockstream team up to mine bitcoin off solar power in Texas

Tesla and Block Partner With Blockstream to Create Solar-Powered Bitcoin Mining Plant

El Salvador to Issue ‘Bitcoin Bond’ in 2022

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