The rapid popularity of cryptocurrencies is leading to an increase in mining activity. Therefore, many companies are trying to increase their investments in these areas. Now the giant company of Elon Musk, the richest person in the world, among them Teslas It turned out that three companies, including one, will come together for Bitcoin mining.

According to the news, the financial services firm of Jack Dorsey, one of the founders of Twitter, has block (formerly Square), a Canada-based blockchain company that creates Bitcoin infrastructure block stream and Elon Musk’s company Teslapartnered to create a Bitcoin mining facility.

Tesla products will power the factory

In the statements made today, as a result of the partnership of these three giant companies, solar energy A Bitcoin mining facility was said to be working with: In the announcement made at the 2022 Bitcoin conference, Tesla’s solar panels and energy storage It was indicated that the products would be put into service and construction has started.

Blockstream CEO Adam Back also said in a press release: “We are excited to begin building this facility using Tesla products (Solar and Megapack). This is Bitcoin mining. no emissions “This is an important step to prove that we can finance infrastructures and drive future economic growth.” He also drew attention to the use of renewable energy.

According to the statements, the Texas-built facility will open this year. In addition, the facility, which is reportedly worth $12 million, is energy consumption, mining activities and the progress of the project.It was also one of the news that it will be broadcast to the public 24/7 to satisfy people’s curiosity and discussions.