Texan bitcoiners start mining in Argentina, where peso is in freefall
Publishing timestamp: 2024-03-26 11:09:49
Summary
Giga Energy, in partnership with Exa Tech and Phoenix Global Resources, is mining bitcoin in Argentina by converting wasted methane gas into energy. The company aims to reduce CO2 emissions and generate revenue while contributing to reducing global methane emissions. The expansion into Argentina comes at a time when bitcoin mining is lucrative due to the cryptocurrency's price surge. Argentina's economic instability and high inflation rates make bitcoin a popular choice for residents.
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Tickers: RIOT, CIFR, BTC.CM=, XOM, BTC.CB=, CLSK,
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