.@Square intends to invest $5M in the facility, with @Blockstream providing infrastructure and expertise to build and manage the project. The facility will be a proof-of-concept for a 100% renewable energy #Bitcoin mine at scale.
While we know that many mining operations throughout the world, including ours, already rely on renewables (as it is the most cost-effective power available), we hope that the open & transparent nature of this project will become a model that other businesses can learn from.
We plan on providing regular reports on the economics of the project, and we’re also planning on building a freely-accessible dashboard showing real-time metrics of the project's performance, including power output and #bitcoin mined. 🖥️☀️
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We're excited to support El Salvador on its journey towards adoption of the #Bitcoin standard. As the leading Bitcoin infrastructure provider, we commit to supporting public and private stakeholders in El Salvador in the following ways. 1/
* Providing #Bitcoin and @Liquid_BTC satellite infrastructure to ensure redundancy of those networks.
* Supporting the development of the Bitcoin mining industry in El Salvador using our expertise in enterprise mining operations and energy management. 2/
* Supporting the modernization of financial market infrastructure with security tokens issued on #BlockstreamAMP and trust minimized trading systems. 3/