【Blockstream Announces Spin-off of Its Mining and ASIC Division】Golden Finance reports that Bitcoin infrastructure company Blockstream announced in a press release on Wednesday that, as part of its newly implemented expansion strategy, it will spin off its mining and ASIC divisions to become independent companies. Blockstream Mining Division President Chris Cook and ASIC Division Executive Vice President Assaf Gilboa have both been promoted to serve as CEOs of their respective entities. Blockstream CEO Adam Back stated, "Looking ahead, we will continue to explore various ways to make the largest impact, focusing on building financial rails and infrastructure to help ensure the long-term success of Bitcoin." The company also revealed that it will launch "several new products" at the annual Bitcoin conference in Las Vegas in mid-May, aimed at creating a more streamlined and integrated user experience within Blockstream's technology stack.
