10 Oct, 23

El Salvador Taps Geothermal Energy In New Bitcoin Mining Project

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Today, Volcano Energy and Luxor Technology Corporation have officially unveiled Lava Pool, El Salvador’s inaugural Bitcoin mining pool powered by abundant renewable geothermal energy. Volcano Energy, a unique public-private partnership committed to contributing 23% of its net income to the Salvadoran government, will exclusively mine blocks through Lava Pool.  “Lava Pool is another example of El Salvador’s first mover advantage as a nation-state in the Bitcoin ecosystem,” said Volcano Energy’s CSO, Gerson Martinez. …

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