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Market
Reduction in Gas Flaring Due to Bitcoin Mining by Mid-2025
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Environmental impact report or statements from Genesis Digital Assets or YPF Luz
Story
Genesis, YPF Luz Launch Bitcoin Mining Center in Argentina Using Stranded Gas
May 8, 2024, 10:51 AM
Genesis Digital Assets has partnered with YPF Luz, a subsidiary of Argentina's state-owned energy company, to launch a new Bitcoin mining center in Argentina. The facility, with a total capacity of 7 MW, will utilize electricity generated from stranded gas, a byproduct of oil extraction that is typically flared into the atmosphere. This initiative will repurpose the flared gas to power 1,200 bitcoin mining machines, aligning with environmental goals by reducing gas flaring.
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