El Salvador’s Bitcoin miner Volcano Power launches with $250M funding

A public-private partnership in El Salvador pledging to pump $1 billion into making a (BTC) mining farm has obtained its first $250 million. This primary launch of funds kickstarts a 241-megawatt (MW) energy technology park within the nation’s Metapán area.

Volcano Power, the corporate behind the location, mentioned the funds would go towards growing the facility technology park utilizing photo voltaic and wind power, which is able to finally energy the Bitcoin mining operation. Volcano Power chairman Max Keiser took to Twitter on June 7 to announce the information.

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