Gabbani Launches Innovative Initiative to Turn Excess Energy from Food Production Facility into Bitcoin Mining Power

by Tether | Oct 17 2023

Lugano, 17 October 2023 – Gabbani, the esteemed Lugano-based hospitality company, is unveiling a new project that will help propel Lugano’s status as the leading European blockchain hub. This initiative combines sustainable energy practices with cryptocurrency mining and aims to harness the excess energy from Gabbani’s food production facilities for a state-of-the-art Bitcoin mining system.

Lugano has emerged as one of the leading blockchain hubs in Europe, showcasing the practical uses of blockchain technology within local communities. From embracing Bitcoin, Tether, and LVGA cryptocurrencies for payments to launching educational initiatives, Lugano has created a blueprint for the long-term adoption of blockchain technology. Gabbani's visionary decision to install a state-of-the-art Bitcoin mining system within its production facility further solidifies Lugano's status as a pioneer in supporting strategic distributed resilient technologies.

In addition to these advancements, Gabbani is unveiling “the Banettone”, a product designed to support Plan ₿, a joint initiative between the City of Lugano and Tether to accelerate the use of and leverage Bitcoin technology as the foundation to transform the city’s financial infrastructure.

Gabbani's production facility, where Banettone and other goods are created, has recently undergone extensive upgrades, including the installation of a 100k KW solar panel production system. This strategic enhancement serves the dual purpose of increasing Gabbani's energy independence and sustainability by utilizing excess energy generated during the production of Banettone and other products for Bitcoin mining.

In view of the recent geopolitical instability, resulting in enormous fluctuations in cost of energy throughout the world and especially Europe, Gabbani SA has shown a forward-thinking approach that will ensure greater protection from such events.

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.

ACME, a reputable Swiss company specializing in bitcoin mining and renewable energies, has also been an instrumental partner in this transformative initiative. Motivated by Lugano Plan B's initiative, ACME has contributed its expertise in research and development, collaborating globally with companies like Tether, including projects in Uruguay. ACME has delivered a state-of-the-art, turnkey solution to Gabbani SA, further solidifying the success of this innovative endeavor.

About Plan ₿

Lugano’s Plan ₿ is a joint initiative between the City of Lugano and Tether to accelerate the use of and leverage bitcoin technology as the foundation to transform the city’s financial infrastructure.

The plan will scale blockchain and Bitcoin throughout the city to positively impact all facets of daily life for the residents of Lugano. From small transactions with local merchants to larger efforts – such as paying annual taxes – blockchain will serve as the foundation for the city’s financial exchanges.

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