On stage at the Bitcoin 2023 conference, Brink announced a matching campaign for donations from Bitcoin mining company Marathon Digital Holdings to support the work of Bitcoin Core developers. The Marathon will match donations made to Brink’s on a two-for-one basis for the duration of the conference, which ends on May 20, and then match donations one-for-one through the end of the year, up to $1 million total.
“We will match dollar for dollar $500,000 worth of donations that Brink’s will receive for Core developers. Best of all, we will donate two-for-one if you donate money during this conference,” said Fred Thiel, CEO of Marathon. “So, if you believe in the importance of supporting Core’s development efforts … then I strongly encourage you (to) donate 50 cents, $1, whatever you can during the conference.”
By committing to match all third-party donations up to an aggregate of $500,000 through December 31, 2023, Marathon hopes to improve Brink’s support for developers who maintain and upgrade the code of Bitcoin. Since 2020, Brink has supported many developers in their work to make Bitcon more accessible and advanced through grants, mentorship and education, including former lead maintainer Marco Falke, Lightning Network white paper author Tadge Dryja and Bitcoin Core PR Review Club Gloria Zhao.
“We have nine developers in five different countries that are all independent developers funded by Brink,” explained Mike Schmidt, the executive director of Brink. “I think we can all agree that we want this Bitcoin software that drives all of this innovation above to be better reviewed, better tested, better maintained, faster to run and more performant That’s why at Brink we fund grantees who spend upwards of 50% of their time testing and reviewing the Bitcoin Core code, suggesting changes to the Core codebase and basically making the software more safe.
Donations made to Brink’s through its website are now eligible for the match. Thiel framed the campaign as part of Marathon’s larger commitment to securing the Bitcoin network as a key contributor to the hash rate, the computing power that ensures Bitcoin’s immutability.
“We believe this is the most secure protocol out there and we think we and the rest of the industry should do everything they can to support the developers and really stimulate as much activity in the space as possible ,” Thiel said.