Twitter owner’s firm launches solar-powered bitcoin mining facility in U.S.
The Hindu
Square will invest $5 million in the facility that will “demonstrate how bitcoin mining in conjunction with renewable energy can help drive clean energy transition”.
(Subscribe to our Today's Cache newsletter for a quick snapshot of top 5 tech stories. Click to subscribe for free.) Twitter owner Jack Dorsey’s payments venture Square announced on Saturday it will partner with blockchain technology firm Blockstream Mining to build an open-source, solar-powered bitcoin mining facility in the U.S., aiming to drive adoption and efficiency of renewables within the bitcoin ecosystem. The initiative comes weeks after . Dorsey, much like Musk, has shown great interest in the development of cryptocurrency, and believes bitcoin will become the world’s largest single currency of the internet within a decade, according to a 2018 interview with The Times.
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