Argentina is set to enter the world of Bitcoin mining by leveraging its stranded gas resources. Genesis Digital Assets Limited (GDA) has teamed up with YPF Luz to establish a cutting-edge mining facility in the country. This strategic partnership intends to utilize excess gas from oil fields that would otherwise go to waste. By harnessing this stranded gas, the project not only unlocks a new revenue stream but also contributes to reducing emissions, making it an environmentally friendly initiative.
The collaboration between GDA and YPF Luz will see the launch of a Bitcoin mining facility with a capacity of 7 MW. This facility will house around 1,200 BTC mining machines, marking a significant step towards establishing Argentina as a key player in the global Bitcoin mining sector. With the increasing interest and investment in cryptocurrency mining operations, this project is poised to create job opportunities, drive economic growth, and position Argentina as a hub for sustainable and profitable Bitcoin mining activities.
Venezuela Bans Crypto Mining Amid Energy Crisis
Venezuela's Ministry of Electric Power announced it would disconnect all cryptocurrency mining farms from the national power grid to manage high energ
Peter Brandt Criticizes Peter Schiff For Declaring Bitcoin Dead
Bitcoin advocate Peter Brandt dismisses Peter Schiff's anti-Bitcoin rants as attention-seeking, urging the community to ignore the skeptic's claims, e
Ripple's Q1 2024 report highlights a 40% increase in Ripple trading volumes to $865 million and significant growth in XRP usage, showcasing notable mi
Experts Predict Solana (SOL) Price Surge To $200
Solana's price surge, fueled by various factors including DeFi activity, network upgrades, and meme coin interest, has captured significant investor a
Ripple's Q1 2024 report highlights the ongoing SEC lawsuit, critical court filings, and key market developments, hinting at a possible resolution by s