Search
Latam Insights: El Salvador Embraces Geothermal Bitcoin Mining, Bitfarms Expands Its Capacity in Paraguay
20.5.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: El Salvador produced nearly 474 bitcoin using geothermal energy, Bitfarms expanded the capacity of its Paraguayan bitcoin mining facility, and Bitso launched...
El Salvador Reportedly Mined Nearly 474 BTC Using Geothermal Energy
16.5.2024
El Salvador, the first country to adopt bitcoin as legal tender, has reportedly added 473.5 BTC to its treasury using geothermal energy. According to reports, official data released by The Bitcoin Office of El Salvador (ONBTC) disclosed that this number of bitcoin was mined since 2021 using 1.5...
El Salvador mines 474 Bitcoin using geothermal volcanic energy
15.5.2024
El Salvador currently holds 5,750 BTC worth $354 million which it has accumulated over three years
Reviewing El Salvador’s Bukele Predictions for 2022: What Went Wrong?
2.1.2023
Nayib Bukele, president of El Salvador and die-hard Bitcoin enthusiast, formulated a series of predictions about the behavior of bitcoin and the crypto ecosystem for the past year. These included the top price of bitcoin, the influence of the cryptocurrency on U.S. elections, the issuance of...
Kenyan energy company entices Bitcoin miners with geothermal power
3.6.2022
The country’s main electricity producer has issued a general invite for Bitcoin miners looking to take advantage of its renewable energy facility near the capital, Nairobi
El Salvador to Add More Geothermal Energy Sources to Power Bitcoin City
11.1.2022
The president of El Salvador, Nayib Bukele, has confirmed that the country is making investments to secure a geothermal power source for the construction and operation of the upcoming Bitcoin City, which will be financed with the earnings of the so-called “volcano bonds.” Bukele...
Salvadoran Ecologist Claims Nayib Bukele’s Volcano-Powered Bitcoin Mine Will ‘End in Environmental Disaster’
6.12.2021
El Salvador’s leading ecologist Ricardo Navarro believes that mining bitcoin with a volcano, or geothermal energy, will “end in environmental disaster.” Navarro believes geothermal energy costs more than oil, and thinks El Salvador’s millennial president Nayib...
Salvadoran President Shares Video of Volcano-Powered Bitcoin Mining Facility
29.9.2021
On Tuesday, Salvadoran president Nayib Bukele shared a video of a bitcoin mine operating adjacent to a volcano. Bukele discussed the volcano-powered bitcoin mining on June 9 when he talked about the “95MW of 100% clean, 0 emissions geothermal energy from our volcanos.”...
El Salvador to Mine Bitcoin With Energy From Volcanoes: ‘100% Clean, 100% Renewable, 0 Emissions’
10.6.2021
El Salvador has begun exploring bitcoin mining using energy from its volcanoes, President Nayib Bukele has revealed. “Our engineers just informed me that they dug a new well that will provide approximately 95MW of 100% clean, 0 emissions geothermal energy from our volcanos,”...
El Salvador's president wants to build volcano-powered crypto miners
9.6.2021
Bitcoin is heating up — some may say erupting — as the Latin American country plans to tap energy from volcanoes for mining the cryptocurrency