The Technological District of Mar del Plata, Argentina, will host a massive crypto mining operation backed by a domestic startup accelerator. Lothal Mining is the company that will run the operations of the mining firm in the Argentinean city.

Firm Will Mine Ethereum During the First Stage

Per local newspaper La Capital, Grupo Neutrón invested almost 45 million pesos ($310,000), and there are plans to allocate additional funding of 200 million pesos ($2.21 million).

The infrastructure is ready, and in a first stance, the firm will mine ethereum (ETH). However, the company plans to expand to other cryptocurrencies.

The funding provided by the startup accelerator seeks to acquire hardware, refrigeration equipment, building the mining farm, hiring staff to perform electrical maintenance, among other activities.

Also, officials of the Ministry of Industry of the Nation were in the mining farm to check the project’s launching. Maximiliano…

Click to continue reading on its source location…

Source: https://news.bitcoin.com/argentinean-startup-accelerator-launches-crypto-mining-farm-in-mar-del-plata/