<p><span style="font-weight: 400;">Digital payment firm Square has partnered with Bitcoin technology startup Blockstream to launch a 100% solar-powered Bitcoin mine in the United States. </span></p> <p><span style="font-weight: 400;">The firms will also publicize details about economics of the project as well as metrics reflecting the mine’s performance, according to a June 5 </span><a href="https://www.prweb.com/releases/blockstream_and_square_inc_join_forces_to_build_solar_powered_bitcoin_mine_in_the_us/prweb17985526.htm"><span style="font-weight: 400;">release</span></a><span style="font-weight: 400;"> from Square and Blockstream. </span></p> <p><span style="font-weight: 400;">The new initiative is a part of Square's </span><a href="https://www.theblockcrypto.com/linked/86945/square-emissions-green-bitcoin-mining"><span style="font-weight: 400;">pledge</span></a><span style="font-weight: 400;"> to be carbon neutral in its Bitcoin activity by 2030. As part of that commitment, which the firm made in December, Square promised to fund Bitcoin projects that reduce Bitcoin's carbon footprint. </span><span style="font-weight: 400;">It will provide $5 million in funds for the facility and Blockstream will provide the infrastructure for the mining farm.</span></p> <p><span style="font-weight: 400;">The announcement is just the latest in a series of commitments from crypto companies to address the climate impact of their business. </span></p> <p><span style="font-weight: 400;">In March, </span><span style="font-weight: 400;">crypto mining firm Argo and blockchain tech company DMG </span><a href="https://www.theblockcrypto.com/linked/99565/argo-dmg-bitcoin-mining-clean-power"><span style="font-weight: 400;">announced</span></a><span style="font-weight: 400;"> their upcoming hydro-powered Bitcoin mining operation, for instance. Other firms, such as the market maker </span><a href="https://www.theblockcrypto.com/post/107066/crypto-market-maker-gsr-goes-carbon-neutral-including-for-its-bitcoin-mining-business"><span style="font-weight: 400;">GSR</span></a><span style="font-weight: 400;"> and digital asset hedge fund </span><a href="https://www.theblockcrypto.com/linked/105864/one-river-sec-bitcoin-etf-carbon-neutral"><span style="font-weight: 400;">One River</span></a><span style="font-weight: 400;">, have promised to offset their carbon emissions by purchasing carbon credits.</span></p> <p>The new solar-powered mine will "serve as an ongoing transparent case study that will allow us to all learn together the specific unit economics of clean energy Bitcoin mining," Neil Jorgensen, who heads global environmental, social and corporate governance (ESG) at Square, said in a statement</p> <p>"We can't wait to start sharing our results with the community."</p>