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Tesla powers new Bitcoin facility in Texas with green power



 Blockstream and Block (formerly Square ) open a new Bitcoin mining facility in Texas.

CNBC reports . The announcement came at the Bitcoin 2022 conference in Miami.

Block is ex - Twitter CEO Jack Dorsey 's new company .

The joint facility will be powered by Tesla technology. She supplies them with electricity.

The entire project uses 100 percent solar energy. It is intended to show as a proof of concept that Bitcoin can be mined entirely with renewable energies.

Texas has become a mecca for bitcoin miners who are banking on renewable energy in recent months.

"In West Texas, there's a perfect overlap between sun quality and wind speed," Shaun Connell told CNBC. He is vice president of Lancium, a Houston-based technology company.

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