Blockstream and Block Begin Construction On Tesla Powered Bitcoin Mining Facility

Loading...
Loading...
  • Blockstream and Block Inc SQ broke ground on a solar- and battery-powered Bitcoin mine in Texas that uses solar and storage technology from Tesla Inc TSLA.
  • Tesla’s 3.8 MW solar PV array and 12 MWh Megapack will power the facility.
  • Blockstream co-founder and CEO Adam Back acknowledged the facility as a proof of concept for 100% renewable energy bitcoin mining at scale.
  • The open dashboard will exhibit real-time metrics of the project’s performance. 
  • A later dashboard version will also include solar and storage performance data points.
  • Block looks further to accelerate bitcoin’s synergy with renewables via the initiative.
  • Price Action: SQ shares traded higher by 0.11% at $126.07 on the last check Friday.
Market News and Data brought to you by Benzinga APIs
Posted In: CryptocurrencyNewsMarketsTechbitcoin miningBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...