The construction of the new farm for green Bitcoin mining is being undertaken by Volcano Energy, which is supported by the national government and backed by crypto industry companies such as Tether Limited.

In El Salvador, a new project will be created through Volcano Energy focused on the Bitcoin mining industry

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...

The project is led by reputed investor, Max Keizer, and counts Tether among its investors. It plans to harness renewable energy in the north of the country to mine Bitcoin.

Volcano Energy said the funds would go towards the development of a 241-megawatt power generation park.

Volcano Energy, a company based in El Salvador, has announced a public-private initiative to invest $1bn in a Bitcoin mining farm.

The $1 billion project seeks to leverage renewable energy to power Bitcoin mining.

Stablecoin issuer Tether is among the investors in the new Bitcoin mining site powered by solar and wind energy in El Salvador.

The Bitcoin mining farm will be powered by an integrated wind and solar power generation park located in Metapán. The investment commitment is $1 billion.

The country of El Salvador is tapping into its abundant natural resources to create “Volcano Energy”.

Stablecoin provider Tether is participating in a $250 million investment in a renewable energy project in El Salvador.

Of the 107 megawatts generated by the plant, five are used for the operation and mining of Bitcoin, and the rest for the country’s power grid.