Blockstream Corp formally separated from its North American mining operations mid-2024. Blockstream Services USA and Blockstream Services Canada now operate as standalone entities with zero equity overlap or shared management with the parent corp. The spinout carved out the entire Blockstream Mining business. Post-separation, the mining entities temporarily retained branding rights via licensing agreement. Clean structural break—no cross-ownership, no operational ties. Relevant for counterparty risk assessment if you're exposed to any Blockstream entity or mining infrastructure plays.