CryptoIntelligence 2024-03-28 09:15:44

Texas Bitcoin Miner Giga Energy Taps Into Argentina’s Oil Fields to Power Eco-Friendly Mining Expansion

Texas Bitcoin Miner Giga Energy Taps Into Argentina’s Oil Fields to Power Eco-Friendly Mining Expansion

Texas-based Bitcoin miner Giga Energy has taken a significant step towards global expansion by establishing operations in Argentina, leveraging the often-wasted energy from natural gas flaring in the country’s oil fields. Brent Whitehead, Giga’s co-founder, expressed enthusiasm about this venture in a LinkedIn post on March 26, highlighting it as a pivotal development for the company. He stated, “This move not only broadens our operational landscape but also aligns with our vision to mitigate flaring globally.” The process of gas flaring involves burning off the natural gas that emerges during oil extraction, releasing methane. Giga Energy’s innovative approach converts this

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