Blockstream infrastructure developer Blockstream has partnered with Macquarie Group, an Australian multinational investment bank, to launch a new pilot program for a Bitcoin (BTC) mining facility with a mandate to explore alternatives Carbon free.
According to Cowen Telegraph, the two companies announced Wednesday that as part of the pilot project, the Macquarie Group is investing in one of Blockstream's enterprise-level mining facilities. /p>
This will allow Macquarie Group to discover new renewable energy opportunities that can be unlocked for more sustainable Bitcoin mining initiatives.
McQuire Group is one of the largest institutional investors in renewable energy infrastructure, with 44 GW of generation under development or construction as of March 31, 2021.
Blockstream has expanded its Bitcoin mining ambitions after raising $210 million in Series B funding.
In addition to a successful fundraising campaign, the company revealed that it had acquired the intellectual property of Spondolese, a manufacturer of Bitcoin mining hardware. As a result, the core team at Spondolese has joined the newly developed ASIC unit at Blockstream.
As Coin Telegraph reported last June, Blockstream's growing focus on bitcoin mining has attracted significant investment from Twitter CEO Jack Dorsey, who has committed $5 million to a mining facility Solar powered.
