Volcano Energy Gets $1 Billion in Commitments for New Bitcoin Mine in El Salvador
El Salvador ’s Volcano Energy has recently announced its $1 billion in commitments to construct a brand new 241-megawatt (MW) Bitcoin mine. Specifically, the new mine will be located in the Metapan region. As a stablecoin issuer, Tether has been listed among the investors, according to Coindesk. The new facility is set to be powered by 169 MW of solar energy, with wind energy powering another 72 MW. Additionally, the press release noted that the energy will bring more than 1.3 exahash/second (EH/s) of computing power. Wait is over! The power of @Volcano_Energy is here #ElSalvador #BTC #Bitcoin #VolcanoEnergy pic.twitter.com/HTkd5ZOKfM — Volcano Energy (@Volcano_Energy) June 5, 2023 Volcano Energy Gets $1B Commitment for New Bitcoin Mine In what is a positive development, El Salvador ’s Volcano Energy has announced more than $1 billion in commitments for a new Bitcoin mine. Additionally, the government is set to play “a crucial role” in both the planning and developme...