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Reputable Bitcoin Miner Will Establish New Base In Argentina
The Texas-based Bitcoin miner, Giga Energy, has expanded its operations into Argentina, aiming to utilize excess energy via natural gas flaring in the local oil fields. According to Giga co-founder Brent Whitehead, this expansion marks a significant milestone for the firm, broadening its operational scope and aligning with its vision to address flaring globally.   Slow And Steady The new mining site in Argentina, situated in the province of Mendoza, has been undergoing testing since December and has already mined a substantial amount of Bitcoin. The pro-Bitcoin stance of the Argentinian President, Javier Milei, has also helped matters. However, the firm is still awaiting the import of necessary equipment before fully scaling up the operation. Gas flaring, associated with oil extraction, releases methane, which Giga converts into electricity to power its Bitcoin mining equipment. Giga initiated its Bitcoin mining operations in 2019 and currently has 150 megawatts of container capacity... Read more
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News Highlight
News Highlight
Reputable Bitcoin Miner Will Establish New Base In Argentina
The Texas-based Bitcoin miner, Giga Energy, has expanded its operations into Argentina, aiming to utilize excess energy via natural gas flaring in the local oil fields. According to Giga co-founder Brent Whitehead, this expansion marks a significant milestone for the firm, broadening its operational scope and aligning with its vision to address flaring globally.   Slow And Steady The new mi...
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