El Salvador has launched its first local Bitcoin mining pool, Lava Pool, as part of the $1 billion Volcano Energy project, in partnership with Luxor Technology. The renewable energy project, which includes investments from Tether, aims to generate electricity from renewable sources to power future Bitcoin mining operations in the country. Luxor will provide mining software and services, as well as its Hashrate Forward Marketplace to mitigate market volatility. Volcano Energy will contribute 23% of its net income from mining operations to the El Salvador government, with profits reinvested into energy transmission and infrastructure.