Jack Dorsey’s Square to Invest $5M into Solar Powered BTC Mining By DailyCoin – Investing.com
- Date: 10-Jun-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
Jack Dorsey’s Square to Invest $5M into Solar Powered BTC Mining By DailyCoin – Investing.com
Bitcoin has been in the news for its negative impact from mining activities this year. As its adoption continues to grow exponentially, so do mining activities. Global financial and digital service provider Square Inc (NYSE:) has announced that it will invest in a solar BTC mine to ensure that bitcoin mining becomes sustainable.
People are on both sides of the coin on whether Bitcoin mining can ever become sustainable. Blockstream, a bitcoin technology company will provide the infrastructure and expertise for the project. Elon Musk and other notable businessmen and politicians have already distanced themselves from bitcoin following environmental concerns.
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