(Reuters) Block Inc (SQ.N) and blockchain startup Blockstream Corp will collaborate to mine bitcoin in Texas using solar energy, according to Blockstream CEO Adam Back.
According to Back, Tesla is constructing the solar energy infrastructure and supplying its Megapack batteries.
Blockstream and Block, which used to be called Square, announced in June that they would work together to build a solar-powered, open-source bitcoin mining facility in the United States.
A bitcoin is formed when powerful computers compete with one another to solve complicated mathematical riddles, an energy-intensive process that is often supported by fossil fuels at the moment.
In May of last year, Tesla stopped taking bitcoin as a form of payment for cars because of environmental concerns.
Tesla and Block did not reply to demands for comment immediately.
