Square to Invest in Solar-Powered Bitcoin Mining Facility

Square Inc. will invest $5 million to build a solar-powered Bitcoin mining facility at a Blockstream Mining site in the U.S. through a partnership with the blockchain technology provider.

The facility will be a “proof-of-concept for a 100% renewable energy Bitcoin mine at scale,” Blockstream said in a press release on its website. Information on operational costs and return-on-investment will be open to the public.

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