El Salvador President Nayib Bukele has hinted at a possible Bitcoin mining plant powered by geothermal energy
- Bukele took to Twitter to post a video teasing of a power generation facility with technicians working on crypto mining rigs, with the caption indicating first steps, an emoji of a volcano, an El Salvador flag, and #Bitcoin
- The Office of the President did not immediately comment on the post, but it comes months after he announced plans to put up a geothermal Bitcoin mining facility. In June, he said he would order LaGeo to manage a Bitcoin mining plant.
- The country officially legalized Bitcoin as a mode of payment earlier this month, working alongside the greenback. Its legislative assembly passed the Bitcoin Law three months earlier.
— Nayib Bukele 🇸🇻 (@nayibbukele) September 28, 2021
The development affirms the possibility of renewable cryptocurrency mining, which has widely been criticized for its environmental impact.
BTC is up 3.20%, ETH up 3.38%, and XRP up 0.15%.