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Weekend news – Fintech firm Square to build an open-source, solar-powered bitcoin mining facility

Weekend news – Fintech firm Square to build an open-source, solar-powered bitcoin mining facility

06 Jun 2021

Square will partner up with blockchain technology provider Blockstream Mining

Square says its committed to driving further adoption and efficiency of renewables within the bitcoin ecosystem

  • will invest $5m in the facility
  • to be a “proof-of-concept for a 100% renewable energy Bitcoin mine at scale”
  • “We hope to show that a renewable mining facility in the real world is not only possible but also prove empirically that Bitcoin accelerates the world toward a sustainable future” 
Square will partner up with blockchain technology provider Blockstream Mining

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