Giga's new site harnesses otherwise wasted energy from natural gas flaring and has already mined between $200,000 and $250,000 worth of Bitcoin, says the firm's co-founder.) miner Giga Energy has expanded its operations into Argentina as part of a move to utilize wasted energy from"natural gas flaring" on the South American nation's oil fields.“This move not only broadens our operational landscape but also aligns with our vision to mitigate flaring globally.
The expansion will see Giga place a large shipping container with thousands of Bitcoin miners on top of an oil well, divert the excess gas into generators, and then harnessing that energy to power Bitcoin mining rigs, according to a March 26 CNBCGiga’s Argentina mining site — based in the province of Mendoza — has been in a test phase since December and has already mined between $200,000 and $250,000 worth of Bitcoin, the firm’s other co-founder, Matt Lohstroh, told CNBC.
“By capturing stranded natural gas to power modular data centers for energy-intensive computing, Giga is actively contributing to reducing global methane emissions.”
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