(ORDO NEWS) — Investment Argentine company Newlink Capital is planning to build the world’s first “crypto building”, which will be located in Belgrano, an elite area of the capital Buenos Aires.
The project has already been launched, although actual construction will not begin until the second quarter of 2022.
The building will reportedly have over 100 apartments with 2, 3 or 4 bedrooms, and many have already sold for around $2,500 per square meter (around $120,000 for a 2-bedroom apartment).
Why buy an apartment in Next Pampa 2.0? The idea is that the basement will be a bitcoin mining farm, the purpose of which is to generate income to cover the costs of maintaining the building itself.
Thus, future residents will not only, according to the leaders of Newlink Capital, not pay utility bills, but will also receive profit from bitcoin mining.
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