Tesla, Block and Blockstream to mine bitcoin off solar power in Texas

FILE PHOTO: Representations of virtual currency bitcoin are seen in front of Tesla logo in this illustration taken, February 9, 2021. REUTERS/Dado Ruvic

(Reuters) -Electric-vehicle maker Tesla Inc TSLA.O>, payments firm Block Inc and blockchain company Blockstream Corp will collaborate to mine bitcoin using solar power in Texas, Blockstream CEO Adam Back said on Friday.

Tesla is building the solar power infrastructure and providing its Megapack batteries, Back added.