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Square Inc Backs Solar-Powered BTC Mining Facility

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Square Inc, a US-based financial services and digital payments company, will invest $5 million to construct a solar-powered BTC mining facility.

The facility will be built at a Blockchain Mining site in the US via a partnership with the blockchain technology provider.

Blockstream said in a press release that the facility will be a “proof-of-concept for a 100% renewable energy BTC mine at scale.” Information regarding the operational costs and ROI (return-on-investment) will be disclosed to the public.

We’re committed to driving further adoption and efficiency of renewables within the BTC ecosystem, which is why we’ve teamed up with Blockstream to launch an open-source renewable energy mining project as part of our BTC Clean Energy Initiative.

 

Square Inc

On Friday, CEO of Square Inc Jack Dorsey said that the company is considering creating a non-custodial hardware wallet for BTC. The non-custodial wallet gives the owner full control of their private keys.

The post Square Inc Backs Solar-Powered BTC Mining Facility appeared first on SuperCryptoNews.

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