Twitter owner's firm launches solar-powered bitcoin mining facility in U.S.

Updated:
June 07, 2021 12:32 IST
Square will invest $5 million in the facility that will “demonstrate how bitcoin mining in conjunction with renewable energy can help drive clean energy transition”.
Share Article
AAA
Bitcoin mining has been criticised by several experts worldwide for its high energy-consumption property.
  | Photo Credit: AFP
Square will invest $5 million in the facility that will “demonstrate how bitcoin mining in conjunction with renewable energy can help drive clean energy transition”.
(Subscribe to our Today's Cache newsletter for a quick snapshot of top 5 tech stories. Click here to subscribe for free.)
Twitter owner Jack Dorsey’s payments venture Square announced on Saturday it will partner with blockchain technology firm Blockstream Mining to build an open-source, solar-powered bitcoin mining facility in the U.S., aiming to drive adoption and efficiency of renewables within the bitcoin ecosystem.

Related Keywords

United States ,Sri Lanka ,Jordan ,American ,Elon Musk ,Jack Dorsey ,Twitter ,Reuters ,Blockstream Mining ,Twitter Ceo Jack Dorsey ,Dorsey Square ,Square Payments ,Square Bitcoin ,Bitcoin Mining ,Bitcoin Energy Usage ,Musk Bitcoin ,Solar Power Mining ,Blockstream Mining Bitcoin ,ஒன்றுபட்டது மாநிலங்களில் ,ஸ்ரீ லங்கா ,ஜோர்டான் ,அமெரிக்கன் ,பலா டோர்ஸி ,ட்விட்டர் ,ராய்ட்டர்ஸ் ,ட்விட்டர் சிஇஓ பலா டோர்ஸி ,டோர்ஸி சதுரம் ,சதுரம் கொடுப்பனவுகள் ,சதுரம் பிட்காயின் ,பிட்காயின் சுரங்க ,கஸ்தூரி பிட்காயின் ,