Blockstream To Use Tesla Array For Bitcoin Mining

Taking the dedicated mining stage at Bitcoin 2022, Blockstream CEO Adam Back announced that his company, in partnership with Jack Dorsey’s Block, Inc., will be leveraging Tesla energy equipment for a $12 million bitcoin mining facility.

“The Tesla Solar PV array and Tesla Megapack will power Blockstream and Block’s open-source, solar and battery-powered Bitcoin mining facility,” according to a slide shared by Back during the presentation. “[The facility is] projected [to produce] 3.8 MW solar renewable power, 30 PH/s hashrate.”