Alps Blockchain and Qurubiqa Launch Bitcoin Mining in Bolivia

Italian energy company Alps Blockchain has partnered with Bolivian firm Qurubiqa to initiate Bitcoin mining operations at an idle 127-megawatt natural gas power plant in Cochabamba, Bolivia. According to ChainCatcher, the mining facility currently consumes approximately 27 megawatts of power and achieves a hash rate of 1.23 EH/s. The project plans to increase power consumption to 45 megawatts by the end of the year. The mining equipment utilizes electricity generated directly from the power plant, bypassing the public grid. Due to Bolivia's currency crisis and a shortage of U.S. dollars, the project participants are settling transactions in U.S. dollars.