In El Salvador, the first country to use Bitcoin (BTC) as a legal tender, a $1 billion renewable energy generation facility will be built for Bitcoin (BTC) mining.
Startup founded by a group of businessmen Volcano Energy The press published on June 5 on his official social media account in the statementlocated in El Salvador Metapan of the municipality El Shiste powered by renewable energy 241 megawatts (MW) One Bitcoin mining facility announced that it will.
The total size of the project 1 billion dollars It is stated that the first investment will be 250 million dollars is important and One of the leaders of the Bitcoin industry reported to have arrived. Moreover El Salvador of the government of the project planning And executive an important step in will play a role specified. of the project 23% of its preferred shares government will receive 27% to foreign investors will leave and 50% reinvestment was stated to be used for Also the world’s largest stablecoin issuer Tether (USDT) was also included in the project.
In project scope 169 MW solar energy and 72 MW per second from wind energy 1.3 EH/s (exahash) processing capacity. of the selected region wind And sun in terms of energy productive One area it was underlined.
Volcano Energy said in a statement that its primary goals bitcoin network energy for competitiveness, diversity And while promoting geographic expansion also in El Salvador Bitcoin mining in the industry spherical One actor stated that it was to ensure its positioning as
CEO of Volcano Energy Jose Lopez Currently, Bitcoin mining More than 52% sustainable stated that it was made with energy sources. Lopez this is the place will increase with new projects said they believed.
Tether CTO Paolo Ardoino In a press release published under the project, investor And advisor said they were in. In addition, along with the project, Tether’s strategic diversification He also underlined that it continues.