{"id":267654,"date":"2021-06-05T23:11:00","date_gmt":"2021-06-05T20:11:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/jack-dorseys-square-inc-to-invest-5m-in-blockstream-bitcoin-mining-facility\/"},"modified":"2021-06-05T23:11:00","modified_gmt":"2021-06-05T20:11:00","slug":"jack-dorseys-square-inc-to-invest-5m-in-blockstream-bitcoin-mining-facility","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/jack-dorseys-square-inc-to-invest-5m-in-blockstream-bitcoin-mining-facility\/","title":{"rendered":"# Jack Dorsey\u2019s Square Inc. to invest $5M in Blockstream Bitcoin mining facility"},"content":{"rendered":"<p>&#8220;<strong># Jack Dorsey\u2019s Square Inc. to invest $5M in Blockstream Bitcoin mining facility  <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDUvNDc1MjZhYTUtMmFiMy00MmQzLWI5MDQtZWM2NmY2ZGQ2ZDMzLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Square Inc., a crypto-friendly mobile payments company, is planning to invest $5 million in a solar-powered Bitcoin (BTC) mining facility for Blockstream Mining, offering further insight into Jack Dorsey\u2019s continued support for blockchain infrastructure.\u00a0<\/p>\n<p>Chris Cook, Blockstream\u2019s chief information officer, announced the collaborative partnership on Saturday, where he outlined plans to build the open-sourced mining facility at one of Blockstream\u2019s United States operations.<\/p>\n<p>&#8220;Together, we plan to provide public transparency by sharing the project economics and knowledge we\u2019ve gained from building a Bitcoin mine powered by renewable energy,\u201d he <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/blockstream.com\/2021\/06\/05\/en-blockstream-and-square-inc-join-forces-for-solar-powered-bitcoin-mining\/\">said<\/a>, adding:<\/p>\n<blockquote><p>\u201cUltimately, we hope to demonstrate how bitcoin mining in conjunction with renewable energy can help drive the clean energy transition.\u201d<\/p><\/blockquote>\n<p>In addition to providing regular reports on the status of the project, the new initiative will also feature a so-called public performance dashboard, where anyone can pull real-time metrics of the mining facility. <\/p>\n<p>Bitcoin mining has been the subject of extreme <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a> scrutiny after Tesla CEO Elon Musk decided to stop accepting BTC payments for Tesla cars, citing grave environmental concerns. <\/p>\n<p>MicroStrategy\u2019s Michael Saylor brokered a truce between Musk and the Bitcoin mining community last month by bringing both sides to the table for high-level talks. The industry-led Bitcoin Mining Council emerged out of the meeting, with miners vowing to accelerate sustainability initiatives.<\/p>\n<p>As for Square Inc. the Jack Dorsey-led company has been ramping up efforts to boost adoption of Bitcoin and cryptocurrencies. Cointelegraph reported Friday that Dorsey is strongly considering developing a Bitcoin hardware wallet in an effort to bring self-custody and financial inclusion to the masses. <\/p>\n<p>&#8220;If we do it, we would build it entirely in the open, from software to hardware design, and in collaboration with the community,\u201d he <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/jack\/status\/1400839179513339905?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1400839179513339905%7Ctwgr%5E%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjack-dorsey-outlines-square-s-tentative-plans-for-bitcoin-hardware-wallet\">said<\/a> in a Twitter post.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/jack-dorsey-s-square-inc-to-invest-5m-in-blockstream-bitcoin-mining-facility\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Jack Dorsey\u2019s Square Inc. to invest $5M in Blockstream Bitcoin mining facility &#8221; Square Inc., a crypto-friendly mobile payments company, is planning to invest $5 million in a solar-powered Bitcoin (BTC) mining facility for Blockstream Mining, offering further insight into Jack Dorsey\u2019s continued support for blockchain infrastructure.\u00a0 Chris Cook, Blockstream\u2019s chief information officer, announced&#8230;<\/p>\n","protected":false},"author":1,"featured_media":267655,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDUvNDc1MjZhYTUtMmFiMy00MmQzLWI5MDQtZWM2NmY2ZGQ2ZDMzLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,81852,74863,74927,73952],"class_list":["post-267654","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-blockstream","tag-cryptocurrencies","tag-square","tag-jack-dorsey"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/267654","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=267654"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/267654\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/267655"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=267654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=267654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=267654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}