Tesla will provide solar power for Bitcoin mining

This transparency will allow the project to serve as an industry case study for future projects

Tesla mining

Tesla will provide solar power for Bitcoin mining. Source: pixabay.com

Blockstream has announced construction has begun on a new solar-powered Bitcoin mining facility. The 3.8 MW Tesla Solar PV array and 12 MWh Tesla Megapack will power the open-source, solar-powered Bitcoin mining facility at a Blockstream Mining site in the US.

The environmental impact of cryptocurrency mining has received a lot of attention in recent months as the industry continues to grow exponentially. Mining requires powerful computers to solve complex mathematical equations.

By collaborating on this full-stack, 100% solar-powered Bitcoin mining project with Blockstream, using solar and storage technology from Tesla, we aim to further accelerate Bitcoinʼs synergy with renewables
Neil Jorgensen, Global ESG Lead at Block and Project Lead for Blockʼs Bitcoin Clean Energy Initiative

To demonstrate the viability of mining operations using renewable electricity, Tesla, Block, and Blockstream will collaborate to build an open-source, solar-powered bitcoin mining facility in Texas, Blockstream’s CEO confirmed.

Tesla’s role in the project is to provide solar panels, giant batteries for energy storage, and related infrastructure. The plant will be operational later in 2022 with an initial total capacity of 3.8 MW.

We’ve reported that Tesla made Supercharger network in the Netherlands available to all EVs.