Bitfarms reveals Argentina mega-mining details on the location of the farm-mining Bitcoin messages
Bitfarms reveals Argentina mega-mining details on the location of the farm-mining Bitcoin messages
Bitfarms, the Bitcoin mining inhorn based in Canada, has finally announced details about his activities in Argentina. The company says that the Bitcoin-mega mining farm, whose construction began last month, is built in the province of Cordoba in connection with a private power plant. Bitfarms will obtain the energy directly from this private electricity company without burdening the country's power grid.
Bitfarms talks about plans in Argentina
Bitfarms has details about the. announced Construction of its Bitcoin-mega-mining farm in Argentina, the largest after completion Mining complex of the country will be. The company has not yet announced the location of the farm. According to local media, it was revealed that it will be in the province of Cordoba in the city of Rio Cuarto.
The system will accommodate more than 210 megawatts of electricity capacity for the installation of miners at a very low price for the company. The system is built within a complex in which a power plant of the Albanesi group is housed. In this case, the current comes directly from the system without touching the national power grid.
More details Facilitation of the concerns of the legislator
The company also announced further details about the upcoming farm, which is expected to go into operation next year. Damian Polla, General Manager of Bitfarms for Latam, said:
We will create around 500 jobs during the construction and another 100 during the operation of the data center. This is a contract for the sale of energy between private parties, which does not include subsidies because the need is not connected to the network.
These explanations serve to dispel the concerns that the project had triggered by the legislators in Argentina who demanded more information about the current state of the operation. Last month, Martín Berhongaray, a national MP, name Government to release all information on this matter through a legislative proposal.
The MP was concerned about the possible effects of a project of this size on the national power grid, the environment and the sustainability of the agreement with the energy supplier. Bitfarms has signed an eight-year contract with the Albanesi Group, which enables the company to pay 2.2 cents per kilowatt hour, which means that it can keep more Bitcoin income by reducing production costs.
What do you think of the unveiling of bitfarms about the location and the scope of his mining farm in Argentina? Tell us in the comment area below.
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