Genesis Digital Assets Limited (GDA), a leading force in the global Bitcoin mining sector, has partnered with YPF Luz, a subsidiary of Argentina’s state-owned energy company YPF. Together, both partners have established a new Bitcoin mining facility that capitalizes on an innovative energy resource: stranded gas from oil fields.
Argentina Will Mine Bitcoin
This facility, situated in Rincón de Los Sauces in the province of Neuquén, is designed to transform what would otherwise be waste into a powerful energy source for high-intensity computing processes associated with Bitcoin mining.
The facility operates with a total power capacity of 7 megawatts (MW), supported by an additional 1 MW of backup power, housing 1,200 Bitcoin mining machines. It is powered by the Bajo del Toro Thermal Power Plant, collaboratively managed by YPF, Norwegian energy giant Equinor, and YPF Luz.
The energy for this mining operation comes from stranded gas—natural gas that is liberated during
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