The creation of a new mining facility has been announced by the president of El Salvador.
The launch of the first cryptocurrency mining facility is planned by El Salvador's president at the state-owned LaGeo power facility. The country had previously adopted the BTC as a means of payment.
The president's mandate is to mine bitcoin from a 100% clean and renewable source of geothermal energy.
LaGeo operates the only two geothermal power plants in El Salvador, which are located in the region of Ahuachapán and Berlin. There are plans for additional facilities in San Vicente and Chinameca. The existing plants have a capacity of over 200 MW, and there are a total of 23 volcanoes in the country.