Italian energy company Alps Blockchain transforms idle power plants in Bolivia into Bitcoin mining sites

According to Bits.media, the Italian energy company Alps Blockchain has partnered with the Bolivian company Qurubiqa to launch Bitcoin mining at a dormant 127-megawatt natural gas power plant in the Cochabamba region of Bolivia. The mining site currently consumes about 27 megawatts of power, with a hash rate of 1.23 EH/s, and plans to increase power consumption to 45 megawatts by the end of the year. The mining equipment directly uses the electricity generated by the power plant and is not connected to the public grid. Due to Bolivia facing a currency crisis and a shortage of US dollars, project participants settle in US dollars.