Interestingly, the Bukele government is also keen to demonstrate how this could work at a larger scale with its plans to build a Bitcoin City. With 20 volcanoes currently active i

El Salvador's National Bitcoin Office is reporting that its volcano-based geothermal system has mined nearly 474 BTC during the last three years.

Bitfarms (TSX: BITF) has secured an additional 100 megawatts of hydropower capacity for its Yguazu facility in Paraguay. This expansion will provide cost-effective electricity at $0.039 per kilowatt-hour, unaffected by inflationary pressures. The construction at Yguazu began in March and includes connecting to the ANDE substation.

SAN SALVADOR (Reuters) - El Salvador has mined nearly 474 bitcoins since 2021 thanks to a volcano-fueled geothermal power plant, official data showed on Tuesday, bringing the government's total bitcoin portfolio to nearly $354 million at current prices.

A new website tracks El Salvador's bitcoin treasury as it reaches more than 5,740 bitcoin along with messages from president Nayib Bukele.

El Salvador’s venture into the realm of Bitcoin has been a subject of considerable interest and speculation globally, particularly as the country’s Bitcoin holdings continue to appreciate in value. Governed by the country’s “Bitcoin Office,

According to a report by the country’s “Bitcoin Office,” a government entity overseeing all Bitcoin-related projects, El Salvador could hold… Continue reading El Salvador’s Bitcoin holdings reach $373M The post El Salvador’s Bitcoin holdings reach $373M appeared first on ReadWrite.

El Salvador has successfully mined 474 Bitcoin worth about $29 million, all thanks to the heat from one of their own volcanoes. This method uses the natural steam from Tecapa volcano to run 300 mining machines that mines Bitcoin.