Argentinian Oil Producer Will Mine Crypto with Associated Gas Tecpetrol, a major Argentinian oil producer,
has announced plans to mine crypto using associated gas. The
Buenos Aires-based firm explores and produces oil and gas in Argentina, as well as other LATAM countries like Venezuela, Bolivia, Ecuador, Mexico, Peru, and Colombia.
And per Rio Negro, the firm plans to use associated gas in its oil fields near Vaca Muerta
to generate electricity, which it will then use to power miners’ rigs. The firm has not yet disclosed
which coins it intends to mine, but says it has partnered with a company that performs similar functions for US-based firms.
Tecpetrol said its crypto mining operations would begin some time “between the end of October and the beginning of November.” Ricardo Markous, the company’s Chief Executive Director, said
that miners will use gas from six of the fields’ wells.
These wells produce
an estimated daily volume of 60,000 cubic meters of natural gas.
