Bitfarms Mega Farm in Sights of Legislators
The ambitious project that Bitfarms, a mining behemoth headquartered in Canada, is building in Argentina, has already started to raise concerns with Argentinian legislators. Martín Berhongaray, a national deputy, introduced a law proposal for the government to explain how this deal was conceived and whether the company has passed oversight of the different state institutions linked to the deal, like the Ministries of Science, Technology and Innovation, Environment and Sustainable Development, and of the nation’s economy.
The law proposal requires disclosure related to:
The competent areas in energy, environmental, and economic matters registered the agreement announced by the Canadian company Bitfarms, to source electricity through a Wholesale Electricity Market Agent (MEM) for 8 years.
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