Developers of the Zapala Free Trade Zone in the province of Neuquén – Argentina plan to create a technological pole in the area with the intention that external technological companies make use of their energy and also export it. The first investment would be a mining center of the digital asset bitcoin.
The Zapata Free Trade Zone is currently used by the province’s oil, mining and gas industry, however, now its developers are in the process of creating a technological development center that will be added to the logistics services it already provides.
It will have as a first investment a bitcoin mining center, the same one that has a budget of USD 20 million to generate energy and also the creation and assembly of the farm.
The mining center is being financed by FMI Minecraft Management and it is stipulated that it will be ready to start operating at the beginning of the year 2023.
Also, according to BNamericas, the cryptocurrency mining farm will be made up of at least 30,000 ASICS computers.
For his part, John Blount, owner of FMI Minecraft Management, told BNamericas that in the new center 10 bitcoins could be mined daily.
The mining center will be created in parts, the first phase will consist of “a 100 MW high-density data center for an industrial BTC data processor/miner, expandable to over 1 GW” Blunt told the digital media Más Energía.
What’s more Vaca Muerta gas will be used for its construction, since trunk gas pipelines will be built to generate 114 MW. Power that will be gradually increased in each phase of the project.
For the second stage, it is estimated to generate 250 MW and in the third, which is the final objective, up to 1 GW of power.
Just as in each stage the power increases, the benefits of the center also. According to what was exposed by John Blount “The first phase of the project is to generate 114MW that will be consumed by an industrial BTC miner, which could offer cloud mining services, be a publicly traded company or another IT company that requires a lot of energy at affordable prices. Phase 2 of the project will include training centers for blockchain development and hardware/IT support.”