Blockstream and Solar Powered Box Mining – Bitcoin Magazine: Bitcoin News, Articles, Charts & Guides

Bitcoin infrastructure company Blockstream and financial services company Square will jointly build a solar-powered Bitcoin mining facility. It will be located at one of the pre-existing mining facilities on Blockstream and is part of Square’s Bitcoin Clean Energy Initiative.

Square plans to invest $5 million in the facility and Blockstream will provide infrastructure and management expertise, according to a press release shared with Bitcoin Magazine.

According to the release, “The facility will be a proof-of-concept mine for 100% renewable energy at scale, while making the economics of construction — including operational costs and investment returns — available to the public.”

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