- Tesla Inc (NASDAQ: TSLA) has delivered 4 Megapacks to a new Bitcoin mining facility in Texas. These are the details.
Tesla has delivered 4 Megapacks to a new Bitcoin mining facility in Texas, which is going to be the first one to be powered by the company’s solar and batteries, according to Electrek. The Bitcoin mining facility was put together as a partnership between Tesla, Blockstream, and Block (Square’s parent company).
The goal of the facility is to support 30 Petahashes per second – which would be powered by a 3.8 MW solar farm and 12 MWh Megapack system provided by Tesla. Blockstream had raised about $40 million for the project through a token – which enabled people to invest in the Bitcoin mining operation powered by Tesla Megapacks and solar by trading the token through Bitfinex.
Tesla has been a major supporter of Bitcoin. In 2021, Tesla invested about $1.5 billion in Bitcoin. And the company also started temporarily accepting Bitcoin as a form of payment for new vehicles.
Megapacks have landed, repeat the Megapacks have landed!
— Blockstream (@Blockstream) May 18, 2022