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    Home » Square’s Jack Dorsey Targets Solar-Powered Bitcoin Mining in $5 Million Facility
    Crypto News

    Square’s Jack Dorsey Targets Solar-Powered Bitcoin Mining in $5 Million Facility

    June 7, 20211 Min Read
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    Digital payments entity Square is solving the environmental impacts of bitcoin mining with a $5 million investment into a solar-powered mine.

    Dorsey Targets Bitcoin Mining
    • Square will team up with Blockstream, a bitcoin technology company, in the project.
    • Blockstream is expected to provide expertise and infrastructure for the mining facility to be built at one of its U.S crypto-mines.
    • Square and Blockstream want to use the solar-powered mining facility as a “proof of concept” of sustainability of bitcoin mining in the wake of environmental concerns.
    • Square’s CEO Jack Dorsey believes bitcoin enhances gravitation towards renewable power and sustainability 

    Process and code behind Square and Blockstream’s bitcoin mining project will be publicly provided.

    BTCUSD is up 2.25%

    Source: Markets Insider.

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