Argentine town ‘El Chaco’ will start mining Bitcoin with solar energy

Capsule Corporation and the Governor of Chaco, Jorge Capitanich, agreed to carry out the landing of the company in the region with Bitcoin mining using solar energy.

Corporación Cápsula, the technological and financial startup received an agreement with the governor of Chaco, Jorge Capitanich, to carry out the landing of the company in the region with Bitcoin mining using solar energy.

According to the agreement informed by the company, the agreement allows the installation of a technological startup in the Argentine territory, with the objective of creating a renewable Bitcoin (BTC) mining pool, including in its majority, photovoltaic and under the operating scheme Mining Capsule sustainability.

Corporación Cápsula, a holding company made up of financial technology companies that have Bitcoin, Bitcoin Script, and a software specialized in automating processes and telecommunication as a common denominator, with a new project, seeking profitability, taking care of the environment and boosting industrial development and technology in areas of the country with excellent natural resources.

Francisco Irigoite, Founder & CEO of Corporación Cápsula, explained that the development of the project will be carried out with sustainable energy, which will supply the production, and with mineral oil to cool the bitcoin machines, a method that allows to counteract the heat generated by these equipment, which will be reused in the creation of biodiesel.

“We do not create Bitcoin mining industrial plants, but we develop technology and productive poles at the service of the population, which have as a goal to empower individuals, preserve the environment, generate and protect the main value chain”

(…) “We have prepared a strategic plan for photovoltaic production nodes that aims to expand over the national territory, deploying in the first instance in Resistencia Chaco, strong province of northern Argentina”, highlighted the Founder & CEO of CorporaciĂłn Cápsula, Francisco Irigoite.

He also stated that Capsule Mining, in this first stage, represents “the development of Bitcoin production nodes” that will generate more than 100 new places of work in Chaco.

For his part, the governor of the Chaco, showed great interest in a possible tokenization project, which allows carrying out transactions in the most inaccessible places in the province.

“We talked about the need for technological structure that the project will need in Chaco with the aim of implementing a digital currency at the provincial level. Our objective is to provide the appropriate technology to carry out transactions through the satellite and eliminate the effective during the operations”, he explained.

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