Tesla, Block and Blockstream Unite for BTC Mining

The rapid popularity of cryptocurrencies causes mining activities to increase. Therefore, many companies are trying to increase their investments in these areas. Now the giant company of Elon Musk, the richest person in the world, among them Tesla’s It turned out that three companies, including one, will come together for Bitcoin mining.

According to the news, the financial services company of Jack Dorsey, one of the founders of Twitter, block (formerly Square), a Canadian-based blockchain firm that creates Bitcoin infrastructure blockstream and Elon Musk’s company Teslapartnered to create a Bitcoin mining facility.

Tesla products will power the plant

In the statements made today, as a result of the partnership of these three giant companies, solar energy It was stated that a Bitcoin mining facility working with In the announcement made at the 2022 Bitcoin conference, Tesla’s solar panels and energy storage It was stated that the products will be used and the construction has started.

Blockstream CEO Adam Back also said in a press release, “We are excited to begin construction of this facility using Tesla products (Solar and Megapack). This is Bitcoin mining. zero emission “This is an important step in proving that we can finance infrastructures and drive future economic growth.” He also drew attention to the use of renewable energy.

According to the statements, the facility built in the US state of Texas will be opened this year. In addition, the facility, which is stated to be worth 12 million dollars, energy consumption, mining activities and the course of the project.It was also among the news that it will be broadcast to the public 24/7 to satisfy people’s curiosity and discussions.