Sq. will make investments $5 million to construct solar-powered bitcoin mining facility

Sq. and Blockstream are partnering on a solar-powered bitcoin mining facility | Blockstream

Monetary companies agency Sq. Inc. will accomplice with blockchain know-how supplier Blockstream Mining to construct an open-source, solar-powered bitcoin mining facility, Blockstream introduced in a press launch Saturday. Sq. confirmed the information in a tweet, saying it was “dedicated to driving additional adoption and effectivity of renewables throughout the bitcoin ecosystem.”

In line with the discharge, Sq. will make investments $5 million within the facility, which will probably be a “proof-of-concept for a 100% renewable vitality Bitcoin mine at scale,” and will probably be constructed at one among Blockstream’s websites within the US. “We hope to indicate {that a} renewable mining facility in the actual world just isn’t solely doable but additionally show empirically that Bitcoin accelerates the world towards a…

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