On January 24, 2023, Blockstream, a Montreal-based provider of Bitcoin and blockchain technologies, raised US$125 million in a convertible notes and secure loan financing. The convertible note was led by Kingsway Capital and had participation from Fulgur Ventures.

Blockstream plans on allocating this funding towards further developing their crypto mining services as the company sees an increased demand for their institutional hosting services.

Osler, Hoskin & Harcourt LLP advised Blockstream with a team consisting of Shahir Guindi and Alan Hutchison (Corporate), Martha Martindale (Financial Services), Liliana Korosi and Yulia Yugay (Emerging and High Growth Companies).