Tesla, Block and Blockstream will collaborate to mine bitcoin using solar power in Texas

Tesla will install the solar power needed, including its megapack batteries for energy storage, while Jack Dorsey’s Block and Blockstream are picking up the bill.

Payments firm Block and blockchain company Blockstream Corp will collaborate to mine bitcoin using solar power in Texas.

Tesla will install a 3.8-megawatt (MW) solar power plant, and 12-megawatt-hour (MWh) Megapack batteries to power the venture.

Block (formerly called Square) teased the deal last June promising an investment of $5 million in a solar-powered mine.

The project will be completely off-grid and will cost $12 million — a bill that will be split evenly between Blockstream and Block.

It is expected to be complete, and producing power later this year.


More Stories From Around the Web:

Leave a Reply