Jack Dorsey’s Square Inc. will invest $5 million in Blockstream Bitcoin mining facilities

Plaza Company, A cryptocurrency-friendly mobile payment company, plans to invest US$5 million in Solar Bitcoin (Bitcoin) Mining facilities Block stream mining, Learn more about Jack Dorsey’s continued support for blockchain infrastructure.

Blockstream’s Chief Information Officer, Chris Cook, announced the partnership on Saturday, and he outlined plans to establish an open source mining facility in one of Blockstream’s US operations.

“Together, we plan to provide public transparency by sharing the project economy and knowledge we have gained from building a bitcoin mine powered by renewable energy,” he said. Say, Added:

“Ultimately, we hope to show how the combination of Bitcoin mining and renewable energy can help promote the clean energy transition.”

In addition to providing regular reports on the status of the project, the new plan will also be equipped with a so-called public performance dashboard, where anyone can extract real-time indicators of mining facilities.

After Tesla CEO Elon Musk decided to mine Bitcoin Stop accepting BTC payments from Tesla Motors, Citing serious environmental problems.

MicroStrategy’s Michael Saylor led to a truce between Musk and the Bitcoin mining community last month, bringing both parties to the negotiating table for high-level talks.The industry-led Bitcoin Mining Committee stood out from the meeting, and Miners vow to accelerate sustainable development plan.

As for Square Inc., the company led by Jack Dorsey has been stepping up efforts to promote the adoption of Bitcoin and cryptocurrencies. Cointelegraph reported on Friday that Dorsey is strongly considering Develop Bitcoin hardware wallet Efforts to bring self-custody and financial inclusion to the masses.

“If we do this, we will build it completely openly, from software to hardware design, and work with the community,” he said Say In a Twitter post.