According to Bits.media, the Italian energy company Alps Blockchain has partnered with Bolivian company Qurubiqa to launch Bitcoin mining at a 127-megawatt natural gas thermal power plant in Cochabamba Province. The mine currently consumes approximately 27 megawatts of electricity, with a hash rate of 1.23 EH/s, and plans to increase energy consumption to 45 megawatts by year-end. The mining equipment directly uses power generated by the plant, without connecting to the public grid. The project, initiated amid Bolivia’s currency crisis and dollar shortage, operates on USD-denominated settlements.
Alps Blockchain Launches Bitcoin Mining at Idle Power Plant in Bolivia
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Summary
Alps Blockchain, an Italian energy company, has launched Bitcoin mining at a 127 MW natural gas plant in Bolivia. The project, in partnership with Qurubiqa, utilizes 27 MW of power, achieving a hash rate of 1.23 EH/s. Bitcoin news highlights plans to scale to 45 MW by year-end. Electricity is drawn directly from the plant, bypassing the public grid. Payments are made in USD due to Bolivia’s currency challenges. Blockchain news notes the strategic use of idle infrastructure for mining purposes.
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