The Gov't has been a corrupt shame for decades. It is currently on the verge of bankruptcy.
Have you ever had a used car salesman tell you that although it pains him to do it he's prepared to sell you this beauty for less than he actually paid for. And that's only because he likes you. You become so enamored with the deal you overlook that the car is a POS and you been had.
Sure the thought of $0.022 per kWh is enticing but it's just a ploy to get crypto mining located within their borders and grasp. Come in to my parlor, said the spider to the fly. Terrible, awful, stupid decision.
You can promise anything you want as bait. If they start pumping out the coins and Bitcoin goes over $100k the Argentinian Gov't will nationalize the operation in a second and take control of all the bitcoins. And who is Bitfarms going to complain to?
They're dealing with a corrupt South American Gov't. Less than 20 years ago they closed all banks and confiscated the savings of all its citizens. This is a stupid decision. Poorly researched.
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