El Salvador mined nearly 474 bitcoins worth around $29 million using geothermal energy from the Tecapa volcano, bolstering its Bitcoin holdings to over $360 million.
President Nayib Bukele installed 300 specialized mining processors utilizing 1.5 megawatts of the 102 megawatts generated by the state-owned geothermal power plant next to Tecapa.
El Salvador's renewable mining operation, in collaboration with major bitcoin mining firms like Foundry USA and Binance Pool, sets an ambitious example for sustainable bitcoin mining globally.
The country's pioneering approach to Bitcoin as legal tender and renewable energy-driven mining showcases a forward-thinking model amidst global criticism of bitcoin mining's energy consumption.
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