By: Franyi Sarmiento, Ph.D., Inspenet, October 7, 2022
YPF Luz, a subsidiary company of the state oil company YPF, provides electricity to a Bitcoin mining plant. Electricity is generated with the residual or vent gas from the Vaca Muerta oil well, one of the largest reserves in the region.
[post_relacionado]“This first pilot, which is already operating, operates with 1 MW of generation, and a second project is being developed simultaneously to start operating before the end of the year, of about 8 MW, in the Bajo del Toro area, which also belongs to YPF,” said Martín Mandarano, CEO of YPF Luz, in an interview with Télam.
This pilot project supplies 1 MW of electricity to a Bitcoin mining plant, operated by an international client. In addition, by the end of the year a second 8 MW generator will be commissioned. The facilities are located on Vaca Muerta land, state news agency Télam reported.
The residual gas that is used arises from the development of a new hydrocarbon project in Vaca Muerta. In this first stage of construction, oil is associated with natural gas that cannot be redirected through a gas pipeline, so it is used to generate electricity. When the well is complete and producing oil and gas, mining equipment will move to a new facility under development.
This material from the cryptonoticias.com portal was edited for clarity, style and length.
Source: https://www.criptonoticias.com/mineria/ypf-argentina-activa-plan-minar-bitcoin-gas-natural/
Photo: ShutterStock
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