🌋Odaily Planet Daily News, Volcano Energy, a renewable energy mining facility in El Salvador, has partnered with mining service provider Luxor Technology to mine Bitcoin through lava pools! Volcano Energy will leverage Luxor’s extensive experience in Bitcoin mining software and services, while leveraging Luxor’s hashrate forward market and employing automated risk management strategies to mitigate market volatility. 🤝
As a public-private partnership, Volcano Energy will contribute 23% of the net income from its mining operations to the El Salvadoran government. 💰 Mining profits will also be reinvested in energy transmission and infrastructure to stimulate economic and technological growth in the Central American country. 🚀
It is worth mentioning that Tether had previously participated in Volcano Energy’s initial US$250 million financing. Volcano Energy plans to eventually raise $1 billion to build the world’s largest mining facility. 🌐Let us look forward to this environmentally friendly and efficient mining project bringing more vitality to the Bitcoin market! 💪
As a public-private partnership, Volcano Energy will contribute 23% of the net income from its mining operations to the El Salvadoran government. 💰 Mining profits will also be reinvested in energy transmission and infrastructure to stimulate economic and technological growth in the Central American country. 🚀
It is worth mentioning that Tether had previously participated in Volcano Energy’s initial US$250 million financing. Volcano Energy plans to eventually raise $1 billion to build the world’s largest mining facility. 🌐Let us look forward to this environmentally friendly and efficient mining project bringing more vitality to the Bitcoin market! 💪