American payments firm Square is partnering with blockchain technology provider Blockstream Mining to build a solar-powered bitcoin mining facility. The payments firm, led by Twitter CEO Jack Dorsey, will invest $5 million for the facility.
“The facility will be a proof-of-concept for a 100% renewable energy bitcoin mine at scale with the economics of the build-out, including operational costs and return on investment, made open to the public,” Blockstream said in a press release.
The companies will share reports on the “economics of the project” and build a dashboard that will allow others to track real-time metrics such as power output and bitcoins mined under the project.
