Square is investing $ 5 million in solar-powered bitcoin mining facility

Square Inc. will invest $ 5 million in a partnership with the blockchain technology provider to build a solar-powered Bitcoin mining facility at a blockstream mining location in the United States.

The facility will be a “proof of concept for a 100% renewable energy bitcoin mine on a large scale,” Blockstream said in a press release on its website. Information on operating costs and ROI will be available to the public.

We are committed to driving the further acceptance and efficiency of renewable energies within the Bitcoin ecosystem. That’s why we partnered with @Blockstream to launch an open source renewable energy mining project as part of our Bitcoin Clean Energy Initiative. (1/2)

– Square (@Square) June 5, 2021

NOTE: Jack Dorsey says Square can create a Bitcoin hardware wallet

To view the source of this information, click here

Before it’s here, it’s at the Bloomberg Terminal.


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