Gabbani, a hotel company based in Lugano, Switzerland, has unveiled an initiative to mine Bitcoin using excess energy from its food production facility. The new project is set to solidify Lugano’s status as the leading European blockchain hub.by stablecoin issuing company Tether, Gabbani will install a Bitcoin mining system in its food production facility to harness excess energy as electricity costs in Europe continue to rise.
“This forward-thinking approach firmly positions Gabbani as a trailblazer in its field, potentially making it the first of its kind worldwide. This fusion of high-quality food production, rooted in a tradition dating back to Domenico’s grandfather in 1937, with cutting-edge technologies, underscores Gabbani’s commitment to ensuring a sustainable future and fostering growth,” Tether said.
Meanwhile, Lugano has become one of the leading European blockchain hubs after creating a long-term adoption blueprint for the novel technology. The city has recognized Bitcoin, Tether, and LVGA as legal tender, making them acceptable forms of payment for taxes and public services.
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