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Wednesday, May 18, 2022

Jack Dorsey, Billionaire CEO of Square and Twitter, Is Mining Bitcoin

Jack Dorsey announced Tuesday that he is mining Bitcoin, using a third-party service that hosts the equipment necessary for him to help secure the network and compete for its rewards.

First surfacing in reply to a tweet, he revealed he has signed up for Compass Mining, a startup that is seeking to broaden participation in Bitcoin mining, disrupting an industry now dominated by large data centers.

User @kitt_andrew wrote:

“As a Bitcoin enthusiast for years I can’t believe it’s taken me this, long but I’ve finally pivoted my business to get into the mining space thanks to @compass_mining. I couldn’t be more excited, and can’t wait until Feb when they fire the first one up.”

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