Volcano Energy and Luxor Technologies are launched in Salvador "Green Bitcoin Production" – Bits Media

The Salvador startup Volcano Energy announced partnership with the Luxor Technologies mining company to launch Lava Pool, The first local pool for the production of bitcoins using renewable energy sources.

The leadership of Volcano Energy announced, that builds environmentally friendly Pure Farm for Bitcoin mining in the Salvador city of Metapap. The power of the object will be 241 MW, He must use the energy of the sun, winds and local thermal springs. Head of the Security Department of Volcano Energy Gerson Martinez (Gerson Martinez) He assured, that the production of bitcoins will be carried out only through the new Lava Pool pool.

“Our concept is, that the production of bitcoins using environmentally friendly energy increases the value of mining as for investors, and for all citizens of the country. Lava Pool will make Salvador a pioneer for the production of bitcoin ", - said Martinez.

The business environment of Salvador creates the conditions for the stable and predictable development of mining activities, Including "green mining of bitcoins", The top manager of Volcano Energy concluded.

Luxor Technologies, Managing one of the ten largest pools, will provide Lava Pool Pools for hedging strategies associated with bitcoiners to reduce losses with market volatility.

Previously Volcano Energy said, what 23% its net income will be paid to the government of Salvador. In this way, Part of the company's income will be directed to the development of infrastructure on energy distribution. In June, Volcano Energy received funding for the amount $1 billion from Tether, producing USDT stablecoin.