The town of Sorradino in Argentina’s Santa Fe Province is reportedly turning into crypto mining, in an effort to secure sufficient capital for its rail infrastructure upgrade. 

Specifically, the mayor of the town reportedly foresees no imminent threat crypto mining poses, regarding the digital currencies that can be sold instantly. 

The town of 6000 citizens has reportedly finalized the acquisition of six graphics cards, and will be purchasing a mining rig in the near future. As revealed by Sorradino’s mayor Juan Pio Drovetta, the decision to pursue crypto mining received the backing of the local community.

Bearing similarities to numerous rural towns in Argentina, Sorradino reportedly underwent a trying phase with the global health pandemic which led to the resultant inflation, having issues in paying for an upgrade of its railroad infrastructure, which became alive again for the first time in 33 years in 2021.

The upgrade will also aim at rail expenditure which shares a connection between Sorradino and the key urban areas in the territory.

Per Drovetta’s estimation, the month-to-month income that the town’s prospective mining operation would generate would fall in the range of several hundred United States dollars. 

The mayor reportedly shared no specification to the exact coins that will be mined in Sorradino.

In his remarks associated with the possible threats of crypto assets’ price volatility, he reportedly highlighted that while no direct purchase of crypto is planned, mining remains a safe investment option.

“We are not buying cryptocurrencies and looking to make a profit on a speculative move whereby we [either] win [or lose]. What we will be doing is generating cryptocurrencies, so we will always win.”