According to Bloomberg News, Blockchain.com is leasing a 2,044-square-meter (22,000-square foot) office in Wynwood arts district, in Miami, which is in proximity to Peter Thiel’s Founders Fund, as a sign of expansion of the crypto industry in the city of Florida.
More on Blockchain.com building
The company plans to recruit as many as 300 people to Cube Wynwd, which the building was formerly known as. This building, known as the Blockchain.com Building, and Blockchain.com will occupy the seventh and the eighth floors.
Last year, the company shifted its American headquarters from New York to Miami and was operating from a temporary area close to Brickell. This move of the company comes when the headcount has significantly increased in the company, the value of which was $5.2 billion as of 2021 fundraising.
The Blockchain.com building, which is 100,000-square-foot, was bought in 2021 by Tricera Capital and Landmark Development. Other tenants that occupy space at this building include Kushki and Shaolin Capital Management, a financial technology company.
Bloomberg News reports that the work-from-home model of working during the pandemic has made South Florida a much-sought-after destination for crypto-related employment, aside from high-profile tech and financial firms.
Other firms that bring jobs to South Florida include MoonPay, crypto exchange FTX, PayPal for the digital currencies.
Wynwood was initially well-known for the street murals, restaurants, bars, and technology-related offices. Venture Capital firms Founders Fund and Atomic have of late set up shop at Wynwood Annex opposite the Blockchain.com Building across the street.
Some of the new offices arriving in Miami are looking for completed offices and offer the benefit of a “ready-to-move-in” facility.
