Tether chief technology officer Paolo Ardoino said the investment marks the stablecoin issuers intent to drive investment in renewable energy production as well as mining infrastructure.
Volcano Energy CEO Josue Lopez said that the park envisions being a benchmark for Bitcoin mining powered by renewable resources, as the sector continues to innovate in a competitive and expansive environment: “Currently, more than 52% of Bitcoin mining is being done sustainably. We believe this percentage will significantly increase in the coming years through important investments like ours.”Bitcoin proponent and broadcaster Max Keiser is keenly involved in El Salvador’s adoption efforts, acting as an advisor to president Nayib Bukele as well as the chairman of Volcano Energy.to its National Bitcoin Office.
The proliferation of Bitcoin and the ability to use the preeminent cryptocurrency widely in El Salvador paints a more interesting picture, as Cointelegraph’s Joe Hall
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