- 3.8MW of solar capacity, 12MWh of energy storage as project plans
- Project to become operational from 2022.
Block Inc, a digital payments company, together with bitcoin infrastructure firm, Blockstream, have commenced the construction of a bitcoin mining plant. The plant is expected to receive renewable power from Tesla’s solar and energy storage service.
The mining site will be an open-source bitcoin site equipped with a 3.8MW photovoltaic panels and a 12MWh mega battery pack. The facility, planned to commence operation by 2022, will be installed in one of the company’s mining sites in the US. Blockstream will perform construction activities and provision of the necessary mining infrastructures.
Blockstream and Block have, the last summer, agreed to co-develop the project, with Block committing USD 5 million in investment. The project is designed to have a proof-of-concept for a 100% renewable energy Bitcoin mine at scale.
The solar and storage performance data points will be available to the public through a special dashboard with real-time metrics.