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2021.06.06

US Square to build Bitcoin mining facility by solar power generation

US payment giant Square is working with Bitcoin infrastructure company Blockstream to build a bitcoin mining facility that uses solar power. The aim is to appeal to the environment-friendly Bitcoin. Square will invest $ 5 million and Blockstream will provide facility construction and management know-how. The facility will be installed at an existing blockstream facility. Recently, the impact of Bitcoin mining on the environment has been severely criticized, and it is said that some institutional investors have forgotten to invest in Bitcoin, leading to the recent price decline. “We want to prove empirically, not just the potential, that renewable energy mining facilities are accelerating Bitcoin into a sustainable future,” Block said. Stream said in a press release.

https://www.coindesk.com/square-to-invest-5m-to-build-solar-powered-bitcoin-mining-facility-with-blockstream

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