1. Homepage
  2. Crypto
  3. Square to Build Solar-Powered Bitcoin Mining Facility with Blockstream
Trending Post

Square to Build Solar-Powered Bitcoin Mining Facility with Blockstream


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

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

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.”

Write a Comment
Resources
u.today

Write a Comment

Comments (2)

Leave a Reply

Your email address will not be published. Required fields are marked *