Seetee Partners With Blockstream For Bitcoin Mining Development

After an influx of top-U.S. companies investing in bitcoin, it appears that the rest of the world is beginning to play catch up. Yesterday, Norwegian holding company Aker ASA announced the formation of a new business, Seetee, that will be dedicated to bitcoin investment and fostering its underlying technology.

Shortly afterward, Blockstream announced a partnership with Seetee to focus on using bitcoin to maximize existing energy production.

“While Bitcoin is well on its way to transforming the financial industry, it also holds the potential to bring about radical improvements in global energy distribution,” according to the announcement. “Our partnership with Seetee will improve power grid efficiency, drive further investment in renewable energy, and act as a catalyst to a more sustainable future — all while improving Bitcoin’s security in the process.”

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