Blockstream and Block Inc. will launch cryptocurrency storage companies Blockstream and Block Inc. on Friday (formerly Square). AnnoucedConstruction of a solar-powered (BTCTexas. Blockstream reports that the mine site will have 3.8 Megawatts (MW), of electric power. It will also be fitted with Tesla (NASDAQ)’s Solar Photovoltaic array as well as a 12-MWh Megapack.

Megapack is an extremely powerful lithium-ion batteries manufactured by Tesla Energy. It provides both energy storage as well support. Hut 8 Mining is a publicly traded Bitcoin mining company with a total contract mining capacity of 209MW. Its purpose is to explore the possibility of an operation of a Bitcoin mine that emits zero emissions. Blockstream began working with Block last June and Block committed to investing $5 million in the construction.