JAKARTA – Electric vehicle maker Tesla Inc, payments company Block Inc and blockchain company Blockstream Corp will collaborate to mine bitcoin using solar power in Texas. This was revealed by Blockstream CEO, Adam Back, on Friday, April 8.
"Tesla is currently building the solar infrastructure and providing Megapack batteries," Back said.
Blockstream and Block, formerly known as Square, said in June 2021 that they had collaborated to build an open-source, solar-powered bitcoin mining facility in the United States.
Bitcoins were created when high-powered computers competed with other machines to solve complex mathematical puzzles. Energy-intensive processes that today often rely on fossil fuels are often criticized for being wasteful and having environmental impacts.
Environmental concerns over bitcoin mining in May last year prompted Tesla to stop accepting bitcoins for their electric car purchases. But now it looks like Tesla is softening up by mining bitcoin again, but by using environmentally friendly energy such as solar power.
While Tesla and Block did not immediately respond to requests for comment from the media on Adam back's statement.
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