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

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Cryptocurrency , bitcoin , mining , Square Inc , invest ,

Next In Business News

Sunway’s surprise bid puts IJM in play
Luxury real estate trends in 2026
Jakarta set to rise
China’s gold rush continues
Enhance local content terms
Singapore roars into the new year
SC Estate Builder’s hotel acquisition under scrutiny
Department stores bet on experiences
FROM BANGSAR TO BEYOND
Asia to lead next AI wave

Others Also Read