Bitcoin developer Blockstream Corp. is betting that the world’s most valuable cryptocurrency is poised for a massive rebound, and is buying up Bitcoin mining rigs so that it can sell them for a profit later should the prediction hold.
Montreal-based Blockstream was one of the earliest Bitcoin infrastructure companies, conceived in 2014 by CEO and co-founder Adam Back, among the industry insiders thought to be Satoshi Nakamoto, the pseudonymous creator of Bitcoin — speculation dispelled by Back.
