ChainCatcher report, according to Bits.media, the Italian energy company Alps Blockchain has partnered with Bolivian company Qurubiqa to launch Bitcoin mining at a dormant 127-megawatt natural gas thermal power plant in Cochabamba Province, Bolivia. 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 electricity generated by the power plant, without connecting to the public grid. Due to Bolivia’s currency crisis and dollar shortage, project participants settle transactions in U.S. dollars.
Italian energy firm Alps Blockchain converts Bolivia’s idle power plant into a Bitcoin mining facility
ChaincatcherShare
Summary
Italian energy company Alps Blockchain has launched a Bitcoin mining operation in Bolivia, repurposing a 127-megawatt idle power plant in Cochabamba in partnership with local firm Qurubiqa. The facility currently operates at 27 megawatts, achieving a hash rate of 1.23 EH/s, with plans to reach 45 megawatts by year-end. Equipment draws power directly from the plant, bypassing the public grid. Transactions are settled in U.S. dollars due to Bolivia’s currency challenges. This Bitcoin development underscores a novel application for underutilized infrastructure.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.