Tesla and Blockstream to mine BTC with Solar Energy

11.04.2022 17:44
by Artem Ustinov
1 min read

Tesla has teamed up with Jack Dorsey’s Block and infrastructure company Blockstream to build a Bitcoin mining data center.

A pilot project worth $12 million will be launched in Texas. The facility will install a photovoltaic solar battery and a drive manufactured by Tesla. The hashrate of mining will be 30 PH/s.

Blockstream co-founder Adam Back said the new venture is designed as a proof of concept 100% renewable energy for mining the first cryptocurrency.

Author

  • Crypto analyst and practitioner trader with the law and managerial education. Active investor and crypto enthusiast. Worked as an analyst and copywriter in a brokerage company. Accompanied by DAO and NFT projects of different levels of complexity.

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