The Blockstream ASIC Note ("BASIC Note") provides investors with access to the Bitcoin mining equipment (ASICs) market opportunity. Leveraging Blockstream's long track record, leading market position, substantial scale, broad expertise, and strong relationships across the ASIC supply chain, the BASIC structure plans to acquire and warehouse new and unused ASICs at attractive prices, and to eventually strategically sell them back into the market as the industry rebounds within the next 12-24 months.
