Bitfarms Reveals Argentina Mega Mining Farm Location Details – Mining Bitcoin News

Bitfarms, the Canada-based Bitcoin mining unicorn, has finally revealed details of its operations in Argentina. The company says the Bitcoin mega-mining farm, whose construction began last month, will be built in Cordoba province in conjunction with a private power plant. Bitfarms will purchase energy directly from this private power company without putting any strain on the country's power grid.

Bitfarms talks about plans in Argentina

Bitfarms has details about the . announced construction its Bitcoin mega mining farm in Argentina, which will be the largest mining complex in the country when completed. The location of the farm has not yet been disclosed by the company. According to local media, it was revealed that it will be located in the province of Cordoba, in the city of Rio Cuarto.

The facility will house more than 210 megawatts of electricity capacity for miners to install at a very low cost for the company. The plant will be built within a complex that houses an Albanesi Group power plant. In this case, the electricity comes directly from the system without touching the national grid.

More details Easing lawmakers' worries

The company also revealed more details about the upcoming farm, which is expected to be operational next year. Bitfarms General Manager for Latam Damian Polla said:

We will create around 500 jobs during construction and another 100 during operation of the data center. This is a contract for the sale of energy between private parties that does not involve subsidies because the demand is not connected to the grid.

These statements serve to allay concerns that the project had raised among lawmakers in Argentina, who demanded more information about the current status of the operation. Last month, Martín Berhongaray, a national MP, called for the government to release all information on this matter through a proposed law.

The MP was concerned about the potential impact of a project of this scale on the national grid, the environment and the sustainability of the agreement with the energy supplier. Bitfarms has signed an eight-year contract with Albanesi Group that allows the company to pay 2.2 cents per kilowatt hour, allowing it to retain more Bitcoin revenue by reducing production costs.

What do you think of Bitfarms' revelation about the location and scale of its mining farm in Argentina? Tell us in the comments section below.

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