June 07 - 10:06
Square to invest $5m in Blockstream's solar-powered Bitcoin mining facility
Financial services firm Square will invest $5 million in Blockstream Mining. The blockchain technology provider is currently developing an open-source, solar-powered Bitcoin mining facility, which will address one of the biggest setbacks of cryptocurrencies: their huge environmental impact. The facility will be 100% powered by renewable energy and built at one of Blockstream’s sites in the US.
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