Bitcoin mining might be a thing at Square, Jack Dorsey says

In case you’re questioning why bitcoin surged over the weekend, you will have one man and a tweet to thank—and no, it’s not Elon Musk. On Friday, Twitter founder and Sq. CEO Jack Dorsey tweeted that Sq. “is contemplating constructing a Bitcoin mining system” that may be open supply and obtainable to people and companies.”

In different phrases, it was one of the crucial distinguished tech CEOs alluding to the truth that he and his firm see a vivid future in bitcoin. And, as CNBC reports, bitcoin’s worth surged after Dorsey’s tweet, topping out at over $62,500 per coin—virtually a report excessive. As of the time of this writing, bitcoin is floating round $61,270, according to CoinDesk.

Dorsey adopted up his tweet with some extra ideas on bitcoin mining, saying that it must be extra distributed, vitality environment friendly, and accessible. And whereas Dorsey hasn’t dedicated to seeing the undertaking via, he did announce that Sq. “will begin the deep technical investigation required to tackle this undertaking.”