Square to invest US$5 million in Blockstream's solar-powered bitcoin mining facility

REUTERS: Blockchain technology company Blockstream Mining said on Saturday that Square Inc will invest US$5 million to build an open-source, solar-powered bitcoin mining facility at one of Blockstream's U.S. sites.

Blockstream, in an announcement on its blog https://bit.ly/3pqvalx, said the "facility will be a proof-of-concept for a 100per cent renewable energy Bitcoin mine at scale."

Square, in a tweet https://bit.ly/2T2964o, said it was teaming up with Blockstream as part of its Bitcoin Clean Energy Initiative.

(Reporting by Juby Babu in Bengaluru; Editing by Leslie Adler)