News from Twitter CEO Jack Dorsey that will support Bitcoin is coming on top of each other. Square, the billionaire entrepreneur’s finance company, to invest $5 million in solar-powered Bitcoin mining
Square, the finance company headed by Twitter CEO Jack Dorsey, will invest $5 million in the construction of a solar-powered Bitcoin mine. Square company, which will invest in the Blockstream Mining region in the USA, announced its partnership with the blockchain technology provider on the Blockstream website and Twitter.
The press release stated that the facilitywill be “proof of a 100% renewable-energy Bitcoin mine at appropriate scales .” Access to information on the operational costs and return on investment of the investment will be publicly available.
Jack Dorsey previously announced that Twitter will partner with Square to support Bitcoin wallets. The wallet to be developed will be in a USB-like format that allows for secure and non-virtual storage of cryptocurrencies.