El Salvador announces plan to mine bitcoin using geothermal energy produced by volcanoes

The press release comes months after Bukele announced plans to build a geothermal bitcoin mining facility in the country.

RIO DE JANEIRO, BRAZIL - El Salvador's President Nayib Bukele shared a video showing the apparent progress of the country's bitcoin mining plant using geothermal power, which produces clean energy from heat generated by volcanoes.

Bukele did not explain details about the process, writing only "first steps" along with the video, as well as citing bitcoin alongside emojis depicting a volcano and El Salvador's national flag.

The release comes months after Bukele announced plans to build a geothermal bitcoin mining facility in the country. The president in June said he would direct the state-owned power company LaGeo . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?