Cryptocurrencies

Block, Blockstream Join Tesla to Mine Bitcoin in Texas

Carmaker’s batteries will power a Bitcoin mining farming site
Jack Dorsey’s Block cuts teeth in mining through the venture

Elon Musk at the Tesla Giga Texas manufacturing “Cyber Rodeo” grand opening party in Austin, Texas, on April 7.Photographer: Suzanne Cordeiro/AFP/Getty Images

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By David Pan

April 8, 2022 at 3:43 PM UTC

Updated on

April 8, 2022 at 7:22 PM UTC

This article is for subscribers only.

Jack Dorsey’s Block Inc. and crypto firm Blockstream Corp. are working together to build a Bitcoin mining farm with Tesla Inc.’s solar-powered battery in Texas.

The mining farm will tap into Tesla’s energy storage technology with rechargeable large-scale batteries at the site, Adam Back, chief executive of Blockstream, said at the Bitcoin Conference 2022 in Miami. Back didn’t specify the location.