Square to invest bitcoin mining


The facility will be a “proof-of-concept for a 100% renewable energy Bitcoin mine at scale, ” Blockstream said in a press release on its website

NEW YORK: Square Inc will invest US$5mil (RM20.64mil) to build a solar-powered bitcoin mining facility at a Blockstream mining site in the United States through a partnership with the blockchain technology provider.

The facility will be a “proof-of-concept for a 100% renewable energy Bitcoin mine at scale, ” Blockstream said in a press release on its website. — Bloomberg

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Cryptocurrency , bitcoin , mining , Square Inc , invest ,

   

Next In Business News

Oil inches up, but uncertainty over sanctions impact caps gains
Higher wages, minimum wage hike drive property demand, affordability this year
China's cross-border trade, investment more vibrant
Titijaya sees growing demand for transit-oriented development, affordable homes in 2025
Survey: Directors keen to harness AI, ESG, diversity benefits but face implementation challenges
Fajarbaru now called 'FBG'
EPF's investment in MAHB to support dividend payouts
MAHB: Five independent directors not terminated
EX-Tabung Haji CEO Nik Hasyudeen Yusoff appointed SC board member
SD Guthrie appoints new sustainability committee chairman

Others Also Read