El Salvador uses geothermal energy from Tecapa volcano to mine nearly 474 bitcoins

Odaily News Since 2021, El Salvador has successfully mined nearly 474 bitcoins using geothermal energy provided by the Tecapa volcano, increasing the government's bitcoin reserves to about 5,750, with a total value of nearly $354 million at current prices. Currently, 1.5 megawatts of the 102 megawatts of electricity generated by El Salvador's state-owned geothermal power station are used for bitcoin mining. El Salvador is the first country in the world to make Bitcoin a legal tender, a move that has attracted criticism from institutions such as the International Monetary Fund (IMF). (Reuters) Earlier on May 13, Bitcoin Magazine posted on the X platform that El Salvador has launched a new website to track Bitcoin treasury. Data shows that El Salvador currently holds 5,748.76 BTC, worth more than $350 million, and has increased its holdings by 7 BTC in the past 7 days.