Square Will Invest $5M To Build Solar-powered Bitcoin Mining Facility

by theverge.com posted 1month ago 17 views
Square and Blockstream are partnering on a solar-powered bitcoin mining facility | Blockstream Financial services firm Square Inc. will partner with blockchain technology provider Blockstream Mining to build an open-source, solar-powered bitcoin mining facility, Blockstream announced in a press release Saturday. Square confirmed the news in a tweet, saying it was “committed to driving further adoption and efficiency of renewables within the bitcoin ecosystem.” According to the release, Square will invest $5 million in the facility, which will be a “proof-of-concept for a 100% renewable energy Bitcoin mine at scale,” and will be built at one of Blockstream’s sites in the US.

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