El Salvador Launches Renewable Energy Bitcoin Mining Pool Using Geothermal and Solar Power
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El Salvador launches first Bitcoin mining pool in partnership between Volcano Energy and Luxor Technology.
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Project taps geothermal energy and is funded by Tether and others to provide renewable power for Bitcoin mining.
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23% of mining profits will go to the El Salvador government to fund infrastructure.
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First phase involves 241 MW renewable energy park with solar and wind power.
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Long-term goal is to utilize abundant geothermal energy resources in the country for mining.