Volcano Energy’s project will have a first phase consisting of $250 million dollars but with a projection of reaching $1,000 million dollars.
The chairman of Volcano Energy, Max Keiser, foresees that by 2030, the company’s market capitalization will exceed El Salvador’s GDP (Gross Domestic Product) of $29 billion dollars (mdd) and will reach $50 billion dollars.
Volcano Energy’s project will have a first phase consisting of $250 million dollars, but with a projection to reach $1,000 million dollars.
This is as we expand geothermal mining and the price of Bitcoin soars to $1 million per coin, estimated the chairman of Volcano Energy.
In an interview with Diario El Salvador, Keiser said El Salvador will be debt-free by 2030 with bitcoin and bitcoin mining with geothermal.
“The main source over time will be geothermal, and the country is rich in it and we will use this resource. One of the main things that attracted us to El Salvador was the potential for bitcoin mining with geothermal energy,” he says.
El Salvador will have the largest Bitcoin mining project in the world. “We will start with 241 megawatts (MW), but the idea clearly is to increase it to 5,000, 10,000, 15,000 or even 20,000 MW,” he explains.
