A crypto building, a 24-floor "crypto-smart" building with a bitcoin mining farm in its basement, which will generate an income for the building's operations, allowing it to cover the cost of the edifice’s maintenance and upkeep. In addition, the building will display different NFTs as decoration in its lobby, whose will belong to members of the committee and homeowners.
The building will be located in Belgrano, Buenos Aires. It has already been pre-launched, although actual construction should start after the second quarter of 2022. According to the project, the building will have more than 100 apartments (with 2, 3, or 4 bedrooms), and many of them have already been pre-sold, with prices of around 2,500 USD per square meter. Next Pampa 2.0 was created by Newlink Capital, an investment group.
Damian Lopo, Newlink Capital’s founder and Next Pampa 2.0’s main project developer, explained that the firm is well aware of Bitcoin’s volatility, therefore the plan is to calculate the average bitcoin price for the past 12 months and use that average price to scale the mining farm in a way that potentially will allow the mining operation to cover 100% of the cost of the building’s expenses. Essentially, the Bitcoin’s price is likely to keep fluctuating long after the mining farm has been set up.
According to Damián, the best-case scenario is: