Block, Blockstream to mine Bitcoin using Tesla's solar power

Friday, 08. April 2022 17:06

Jack Dorsey's Block, Inc. and Canadian blockchain technology company Blockstream said on Thursday they will launch a bitcoin mine that will use power from Tesla Inc. Texas facility's solar panel array and the company's Megapack battery storage.

The capacity of the solar plant is 3.8 megawatts and the capacity of the Megapack stands at around 12 megawatt-hours, Blockstream CEO Adam Back told CNBC.

"This is a step to proving our thesis that bitcoin mining can fund zero-emission power infrastructure and build economic growth for the future," he commented.

Related Links: Block, Inc.Tesla Inc.
Author:
Baha Breaking News (BBN) / BU