El Salvador Invites the Use of Volcanic Energy for Mining.


El Salvador Invites the Use of Volcanic Energy for Mining.

President Nayib Bukele has introduced a new initiative to launch a program that leverages volcanic energy for Bitcoin mining.

Key Facts:

Eco-Friendly: Geothermal energy is a clean and renewable resource.
Proven in Practice: 474 BTC (approximately $46 million) have already been mined using this technology.
Vast Potential: The country is home to 170 volcanoes, offering significant opportunities for expansion.

Project Mission: To attract miners and investors while positioning El Salvador as a hub for eco-friendly mining. Next steps include developing infrastructure and establishing a regulatory framework.