El Salvador’s President to Launch BTC Mining at Geothermal Power Plants

El Salvador’s President to Launch BTC Mining at Geothermal Power Plants

El Salvador’s President to Launch BTC Mining at Geothermal Power Plants

El Salvador’s President Nayib Bukele plans to deploy bitcoin mining operations at the state-owned geothermal energy company LaGeo.

📌 El Salvador continues its expansion into the world of cryptocurrencies. Earlier, bitcoin was recognized as the official means of payment in the country, but the government is not going to stop there.

📌 According to Bukele’s Twitter posts, the country’s president will instruct Minor Gil, head of state-owned electrical engineering company LaGeo, to mine BTC “from a very cheap, 100% clean and 100% renewable source of geothermal energy.”

📌 The company operates two of the only geothermal power plants in El Salvador, located in the Ahuachapan and Berlin regions, and plans to expand new facilities in the São Vicente and Chinameca regions.

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