Cryptocurrency mining is going to be solar-powered in Jack Dorsey’s Square next project. The company invested $5 million to the upcoming clean energy bitcoin mining facility.
Thousands of Bitcoins equates to millions of dollars today, and Square recently bought a lot! Square, Inc. , Twitter's sister company, has recently revealed its fourth-quarter report for the fiscal year of 2020 and has claimed that it has expanded on its Bitcoin ownership with another round of investment.
23 February 2021, 6:21 am EST By
After Starlink has started pre-orders for the Starlink satellite internet service, chief executive officer and founder Elon Musk promised its users that their service s speeds will double up later this year.
Starlink to Increase Speeds Later This Year
In a report by Tom s Guide, Musk announced via his official Twitter account, answering one user who showed a screenshot of the speed test he did with the Starlink satellite internet, showing the speed of up to 130Mbps.
In his reply, Musk promised that the speed would double up to 300Mbps later this year, seeing as the average speed Starlink currently has is 150Mbps.
23 February 2021, 8:51 am EST By Elon Musk drops to second richest man in the world behind Jeff Bezos after his tweet about Bitcoin. ( Maja Hitij/Getty Images )
Last January, Elon Musk became an icon of fame, technology, and money among all entrepreneurs following his title of becoming the world s richest man.
This time, a single tweet dropped his title to the second spot, and it cost him a $15 billion loss in his net worth as Tesla shares declined at 8.6%.
What Happened to Elon Musk After His Tweet
As per Bloomberg Billionaires Index, Tesla CEO Elon Musk is now the second richest man in the world behind Jeff Bezos. The 57-year-old former Amazon CEO announced earlier this month that he will step down in his post for Andy Jassy, which will take place in the second half of 2021.