🟢The Salvadoran government, in partnership with Volcano Energy and Luxor Technology, has launched the country's first Bitcoin mining pool called "Lava Pool." This project was initiated as part of a public-private partnership, with Volcano Energy agreeing to allocate 23% of its net income to the government. These funds will be invested in the energy infrastructure to support economic growth.

Lava Pool will use mining software from Luxor and the company's hedging strategies to protect clients from market volatility risks.

In June, the Salvadoran authorities announced a project to mine the first cryptocurrency using renewable energy sources. Tether, the issuer of the USDT stablecoin, participated in the initial $1 billion funding round of Volcano Energy, serving not only as an investor but also as a consultant.

In the initial stage, the facility's power consumption will be 241 MW, and its hashrate will be 1.3 EH/s.

Gerson Martinez, the Director of Strategy at Volcano Energy, stated, "Our mission is to create a vertically integrated energy company for Bitcoin mining, the value of which will grow for investors and all Salvadorans."