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According to Bits.media, Italian energy company Alps Blockchain has partnered with Bolivian company Qurubiqa to launch Bitcoin mining at a 127 MW natural gas thermal power plant in Cochabamba province. At present, the mining site consumes about 27 megawatts of electricity with a computing power of 1.23 EH/s. It is planned to increase energy consumption to 45 megawatts by the end of the year. The mining equipment directly uses the power plant to generate electricity and is not connected to the public power grid. The project is settled in US dollars due to the Bolivian currency crisis and shortage of US dollars.