Renewable Bitcoin Mining Project Tweaks El Salvador’s Bonds Proposal To Raise $1 Billion

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Volcano Energy is set to get $1B in investments by relaunching Bukele's joint venture to boost Bitcoin hashrate in El Salvador.bitcoin bonds strategy. This is the first

... [+]El Salvador is ready to host one of the world's most significant bitcoin mining facilities using eolic and solar energy sources.will be based in the western department of Santa Ana and is expected to generate renewable energy with a total capacity of 241 MW, with 1.3 EH/s in processing power to mine bitcoin.

"The reason behind this change is that after looking closely at the economics of our model, we realized that the potential benefits for all stakeholders were much greater doing equity funding, rather than debt," Volcano Energy's Chief Executive Officer, Josué López, explained to me in an interview.

 

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