Square to Build Solar-Powered Bitcoin Mining Facility with Blockstream


btc mining

Bitcoin (BTC) tech firm Blockstream has partnered with Jack Dorsey’s payments firm Square to build a solar-powered Bitcoin mining facility.

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The aim of the initiative is to highlight how Bitcoin can accelerate the adoption of green energy.

The open-source renewable mining project will receive $5 million in funding from Square.

Blockstream CIO Chris Cook claims renewable energy is “the most available power in the current situation”:

“Together with Square, we hope that the open and transparent nature of the project will serve as a model for other businesses to emulate. We hope to prove empirically that a renewable mining facility is not only possible in the real world, but that Bitcoin is accelerating the world towards a sustainable future.”