Square to invest $5 mln in Blockstream’s solar-powered bitcoin mining facility – Reuters

Blockchain technology company Blockstream Mining said on Saturday that Square Inc (SQ.N) will invest $5 million to build an open-source, solar-powered bitcoin mining facility at one of Blockstream’s U.S. sites.

Blockstream, in an announcement on its blog, said the “facility will be a proof-of-concept for a 100% renewable energy Bitcoin mine at scale.”

Square, in a tweet, said it was teaming up with Blockstream as part of its Bitcoin Clean Energy Initiative.

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