Odaily Planet Daily News Volcano Energy, a fully renewable mining facility in El Salvador, has partnered with mining service provider Luxor Technology to mine Bitcoin through lava pools. Volcano Energy is leveraging Luxor's experience in providing Bitcoin mining software and services. The project will also leverage Luxor's computing power forward market to mitigate market volatility through automated risk management strategies used by other major Bitcoin mining operators. As a public-private partnership, Volcano Energy will contribute 23% of its net revenue from mining operations to the Salvadoran government. Mining profits will also be reinvested in energy transmission and infrastructure to stimulate economic and technological growth in this Central American country. (Cointelegraph) Earlier news, Tether participated in Volcano Energy's initial $250 million financing. Volcano Energy is a fully renewable mining facility in El Salvador that will eventually raise $1 billion to build the world's largest mining facility.