"El Salvador Launches First Bitcoin Mining Pool in Partnership with Volcano Energy and Luxor"
El Salvador, a nation with a pro-Bitcoin stance, welcomes its first mining pool in partnership with Volcano Energy and Luxor, an ambitious Bitcoin mining company utilizing renewable energy sources.
El Salvador has officially launched its inaugural local Bitcoin mining pool as the Volcano Energy project commences block mining through Lava Pool in collaboration with Luxor Technology.
The country's billion-dollar renewable energy project, Bitcoin-friendly in nature, made headlines in early 2023, with Tether, a stablecoin issuer, among the companies investing in the venture. The project aims to generate electricity from renewable sources in El Salvador to facilitate future Bitcoin mining operations within the country.$BTC
Volcano Energy leverages Luxor's expertise in providing software and services for Bitcoin mining. Additionally, the project will utilize Luxor's Hashrate Forward Marketplace to mitigate market volatility through automated risk management strategies, similar to those employed by prominent Bitcoin mining operators.
