Tesla is reportedly ready to finance Bitcoin mining through solar power. In fact, the US company will supply its 3.8 megawatt solar PV array and its 12 megawatt-hour Megapack to power a facility being built by Blocks and Blockstream – two companies connected to the Bitcoin infrastructure. The facility will be built in Texas.
“We are excited to begin construction of this facility using Tesla Solar and Megapack. This is a step to prove our point that Bitcoin mining can fund emission-free electricity infrastructure and build economic growth for the future.”– Adam Back, CEO and co-founder of Blockstream.
Once the work is complete, the companies will publish reports on the plant’s performance – including energy and bitcoin mined – to show how well the initiative is working.