Tesla Officially Launches Solar-Powered Bitcoin Mining

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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.

Read Also: Hereโ€™s Why Texas Can Become The Next Major Bitcoin Mining Hub

“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.

Read Also: Intel Officially Enters The Bitcoin Mining Market

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