Blockstream, Square To Build Solar-Powered Bitcoin Mining Facility

Bitcoin infrastructure company Blockstream and financial services company Square will be partnering to construct a solar-powered Bitcoin mining facility. It will be located at one of Blockstream’s preexisting mining facilities 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 experience, according to a press release shared with Bitcoin Magazine.

“The facility will be a proof-of-concept for a 100% renewable energy Bitcoin mine at scale, with the economics of the build out — including operational costs and returns on investment — made open to the public,” according to the release.



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