Blockstream to Pilot Renewable Bitcoin Mining Facility With Australia’s Macquarie
Blockstream to Pilot Renewable Bitcoin Mining Facility With Australia’s Macquarie The bitcoin company said it has ambitions to scale to new sites as infrastructure is further developed. The first site will be in the U.S. Australia-based financial services giant Macquarie Group Ltd. and bitcoin technology firm Blockstream have linked arms to pilot a mining facility powered by renewable energy. Macquarie, best known as a multinational investment bank, will utilize Blockstream’s crypto mining facilities and tap into the firm’s expertise in mining-hardware hosting, Blockstream said Wednesday. The site for the pilot facility will be based in the U.S., Samson Mow, Blockstream’s chief strategy officer, told CoinDesk via Telegram. If successful, Blockstream plans to scale to new sites as green power infrastructure is further developed. Blockstream Mining provides bitcoin mining equipment to institutional and enterprise customers. The firm also provides hosting services where it deploys mining ...