#Tesla investment in BTC News

Tesla’s Bitcoin (BTC) Buy Now at $1 Billion in Paper Profits

February 22, 2021 by Anthonia Isichei at Bitcoin

Tesla's Bitcoin (BTC) bet has almost recouped the initial capital in profits barely a fortnight after the electric vehicle (EV) manufacturing giant announced its $1.5 billion BTC outlay. Indeed, the company could be in line to make more profits from adding Bitcoin to its balance sheet than from its entire...

The Possible Xinjiang Coal Link in Tesla’s Bitcoin Binge

Tesla Investment in Bitcoin Could Mean More Work for Xinjiang Coal Miners

February 9, 2021 by Wayne Jones at Bitcoin

There is a good chance that any new bitcoins generated after Elon Musk boosted the crypto will be sourced using cheap coal power in China's Xinjiang. Cheap Reserves of Fuels Make the Province Suitable The region, which has risen to prominence in recent years for complaining about harassment of the...