The partnership among the three sides was announced last year, when Block (formerly known as Square) committed $5 million to the project. According to Blockstream, the facility will be completed by the end of 2022 The construction work on the all-solar Bitcoin mining facility it’s building in Texas started with Block, Inc. and Tesla. Blockstream says the facility, which will generate 3.8 megawatts of power, will be completed by the end of 2022. The solar mining operation will use Tesla photovoltaics and Megapack battery equipment to run entirely on renewable energy. The 3.8 megawatt (MW) Tesla solar array and 12 megawatt-hour (MWh) battery will generate 30 petahashes per second of mining power. Blockstream co-founder and CEO Adam Back told CNBC at the Bitcoin 2022 conference in Miami: “This is a step to proving our thesis that bitcoin mining can fund zero-emission power infrastructure and build economic growth for the future,” Tesla CEO Elon Musk, h...
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