Blockstream, Block To Leverage Tesla Equipment For Renewable Bitcoin Mining Operation Today

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Taking the dedicated mining stage at Bitcoin 2022, Blockstream CEO Adam Back announced that his company, in partnership with Jack Dorsey’s Block, Inc., will be leveraging Tesla energy equipment for a $12 million bitcoin mining facility.

“The Tesla Solar PV array and Tesla Megapack will power Blockstream and Block’s open-source, solar and battery-powered Bitcoin mining facility,” according to a slide shared by Back during the presentation. “[The facility is] projected [to produce] 3.8 MW solar renewable power, 30 PH/s hashrate.”

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