Blockstream Mining has launched a new security token, Blockstream Mining Note 2 (BMN2), to raise funds for its Bitcoin mining operations. The BMN2 token, priced at $31,000, represents a 48-month claim on 1 petahash per second (PH/s) of Blockstream's hashrate. This allows investors to benefit from mining proceeds. The offering is part of Blockstream's strategy to fund operations after Bitcoin's April 2024 halving reduced mining rewards. BMN2 is available to qualified investors outside the U.S.