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Renewable-only Bitcoin project to be powered by huge Tesla batteries

Tesla is collaborating with Blockstream to build a new zero-emission Bitcoin mining project powered by solar and Tesla Megapacks.

Published May 28, 2022 12:01 AM CDT   |   Updated Fri, Jun 17 2022 9:13 PM CDT

The zero-emission Bitcoin mining project is a collaboration between Tesla, Blockstream, and Jack Dorsey's Blocks (formerly known as Square).

The new facility will be capable of 30 Petahashes per second and powered exclusively by a 3.8 megawatt (MW) solar farm and a 12 megawatt-hour (MWh) Megapack battery system, provided by Tesla. A recent tweet from Blockstream shows that it has now received a delivery of four Megapack batteries.

Tesla previously invested $1.5 billion into Bitcoin in early 2021 and followed up that move with accepting Bitcoin as a payment option for new vehicles. Within a few days, Tesla reversed this decision, citing concerns regarding the use of fossil fuels and their associated emissions when it comes to powering Bitcoin mining and transactions.

Elon Musk believes that Tesla will accept Bitcoin as a payment option once more in the future when the energy use associated with Bitcoin comes from a higher proportion of renewable sources. With the upcoming Blockstream Bitcoin mining facility and potentially others like it, that option may become available sooner.

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Renewable-only Bitcoin project to be powered by huge Tesla batteries 01 |

Adam grew up watching his dad play Turok 2 and Age of Empires on a PC in his computer room, and learned a love for video games through him. Adam was always working with computers, which helped build his natural affinity for working with them, leading to him building his own at 14, after taking apart and tinkering with other old computers and tech lying around. Adam has always been very interested in STEM subjects, and is always trying to learn more about the world and the way it works.

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