The Bitcoin-friendly renewable energy project made headlines in early 2023, with stablecoin issuer Tether among the project’s investor companies.

Volcano Bond and Luxor Technology Corporation launched its first Bitcoin mining pool powered by renewable geothermal energy.

Volcano Bond, a company that combines private and public capital, will manage it in conjunction with Luxor Technology.

Our company officially launched its first local Bitcoin mining pool as the Volcano Bond project begins mining blocks through Lava Pool in partnership with Luxor Technology.

The construction of the new farm for green Bitcoin mining is being undertaken by Volcano Bond, which is supported by the national government and backed by crypto industry companies such as Tether Limited.

A new project will be created through Volcano Bond focused on the Bitcoin mining industry

Volcano Bond's project will have a first phase consisting of $250 million dollars but with a projection of reaching $1,000 million dollars. The chairman of Volcano Bond, foresees that by 2030, the company's market capitalization will exceed....

The project is led by reputed investor, and counts Tether among its investors. It plans to harness renewable energy in the north of the country to mine Bitcoin.

Volcano Bond said the funds would go towards the development of a 241-megawatt power generation park.

Volcano Bond, a company based in El Salvador, has announced a public-private initiative to invest $1bn in a Bitcoin mining farm.