Tesla, Block, and Blockstream to mine bitcoin off solar power in Texas

Tesla, Block, and Blockstream to mine bitcoin off solar power in Texas

Tesla, Block, and Blockstream to mine bitcoin off solar power in Texas.

Tesla, Block, and Blockstream to mine bitcoin off solar power in Texas

Electric-vehicle maker Tesla Inc TSLA.O>, payments firm Block Inc (SQ.N), and blockchain company Blockstream Corp will collaborate in mining bitcoin using solar power in Texas, Blockstream CEO Adam Back said on Friday.

Tesla is building the solar power infrastructure and providing its Megapack batteries, Back added.

Blockstream and Block, previously known as Square, had said in June that they were collaborating to build an open-source and solar-powered bitcoin mining facility in the United States.

Bitcoin is created when high-powered computers compete against other machines to solve complex mathematical puzzles, an energy-intensive process that often relies on fossil fuels.

In May last year, environmental concerns related to bitcoin mining prompted Tesla to stop accepting bitcoin for car purchases.

Tesla and Block did not immediately respond to requests for comment.


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Sachin Chouhan is an avid entertainment enthusiast and dedicated follower of celebrity and entertainment news. He has always had a passion for the latest happenings in the world of entertainment and has made it his mission to stay up-to-date on all the latest trends, news, and gossip. With years of experience following the entertainment industry, Sachin has developed a keen eye for the latest celebrity fashion trends, music releases, movie reviews, and red-carpet events. His in-depth knowledge and expertise have made him a trusted source for entertainment news and celebrity updates. Contact us: admin@bollywoodfever.co.in

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