Square Inc, Facility, Technology & Computing, Blockstream

Square Inc, Facility

Square to invest US$5 million in Blockstream's solar-powered bitcoin mining facility

Square to invest US$5 million in Blockstream's solar-powered bitcoin mining facility

5/6/2021 9:41:00 PM

Square to invest US$5 million in Blockstream 's solar-powered bitcoin mining facility

REUTERS: Blockchain technology company Blockstream Mining said on Saturday that Square Inc will invest US$5 million to build an open-source, ...

06 Jun 2021 02:25AMShare this contentBookmarkREUTERS: Blockchain technology company Blockstream Mining said on Saturday that Square Inc will invest US$5 million to build an open-source, solar-powered bitcoin mining facility at one of Blockstream's U.S. sites.

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Blockstream, in an announcement on its blog https://bit.ly/3pqvalx, said the"facility will be a proof-of-concept for a 100per cent renewable energy Bitcoin mine at scale."AdvertisementAdvertisementSquare, in a tweet https://bit.ly/2T2964o, said it was teaming up with Blockstream as part of its Bitcoin Clean Energy Initiative.

(Reporting by Juby Babu in Bengaluru; Editing by Leslie Adler) Read more: CNA »

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