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WASHINGTON: Blockchain technology company Blockstream Mining announced on Saturday (June 5th), that Square will invest $ 5 million to build an open-source, solar-powered Bitcoin mining facility at one of Blockstream’s US locations.

Blockstream said in an announcement on its blog that the “facility will be a Proof of concept for a 100 percent renewable energy Bitcoin mine on a large scale will be ”.

Square announced in a tweet that it is partnering with Blockstream as part of its Bitcoin Clean Energy Initiative.

Ref: https://www.channelnewsasia.com