El Salvador: Environmentalists raise concerns over presidential 'rent your volcano' initiative for geothermal bitcoin mining
"El Salvador’s Bukele Floats Plan to Rent Volcanoes for Bitcoin Mining", 26 November 2024.
El Salvador's President Nayib Bukele proposed a novel initiative to leverage the country's volcanic resources, suggesting a "rent your volcano" program for Bitcoin mining operations, as the nation's existing geothermal mining venture reaches $46 million in digital assets... El Salvador’s state-owned geothermal company LaGeo operates two major facilities that generate 204 megawatts of power...Environmental critics have raised concerns about large-scale mining projects, though supporters argue that geothermal-powered mining offers a cleaner alternative to traditional fossil fuel-based operations...