{"id":239785,"date":"2022-05-27T14:00:30","date_gmt":"2022-05-27T13:00:30","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=239785"},"modified":"2025-04-10T18:41:56","modified_gmt":"2025-04-10T17:41:56","slug":"block-blockstream-and-tesla-partner-up-to-create-eco-friendly-mining-farm-using-solar-power","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/block-blockstream-and-tesla-partner-up-to-create-eco-friendly-mining-farm-using-solar-power\/","title":{"rendered":"Block, Blockstream and Tesla partner up to create eco-friendly mining farm powered by the sun"},"content":{"rendered":"

Block<\/a> and\u00a0Blockstream<\/a> are setting up a green Bitcoin (BTC<\/a>) mining station<\/a> in Texas, powered by Elon Musk<\/a>‘s sustainable solar battery megapacks produced by Tesla Inc.<\/p>\n

Both Blockstream and Block \u2014 which is led by Jack Dorsey<\/a> \u2014 invested<\/a> $6 million each to fund the operation. However, Blockstream alone is overseeing the overall project and providing the mining infrastructure. It also raised<\/a> around $40 million for the project through a token traded on Bitfinex<\/a>.<\/p>\n

Blockstream CEO Adam Back<\/a> commented on this initiative and said:<\/p>\n

\u201cThis is a step to proving our thesis that Bitcoin mining can fund zero-emission power infrastructure and build economic growth for the future.”<\/p><\/blockquote>\n

The station is currently in the building stage and is expected to finish by the end of 2022.<\/p>\n

Megapacks<\/h2>\n

The first four megapacks have already arrived at the mining site, according to Blockstream's Twitter account.<\/p>\n

\n

Megapacks have landed, repeat the Megapacks have landed! <\/p>\n

The @Blockstream<\/a>, @blocks<\/a> and @Tesla<\/a> 100% renewable zero-emission #BitcoinMining<\/a> facility is just getting started. #Bitcoin<\/a> pic.twitter.com\/5hMj6F8yT4<\/a><\/p>\n

— Blockstream (@Blockstream) May 18, 2022<\/a><\/p><\/blockquote>\n