In the field of digital currency, Tether recently announced that it will invest in the Bitcoin mining industry in El Salvador, which has attracted widespread attention. This decision will not only inject new vitality into the Bitcoin mining industry, but also is an important exploration of renewable energy. It is reported that Tether plans to use volcanic energy for Bitcoin mining, which has opened up an eye-catching energy revolution. Let us explore the story behind Tether's investment in the Bitcoin mine in El Salvador and reveal the infinite possibilities of the future journey of renewable energy.

Tether's move from traditional mining to renewable energy is really remarkable. This move not only brings new development opportunities to the Bitcoin mining industry, but also demonstrates Tether's firm commitment to sustainable development. By using volcanic energy for Bitcoin mining, Tether can not only reduce energy consumption, but also effectively reduce dependence on traditional energy, achieving a perfect combination of economic benefits and environmental protection concepts.

Against this background, El Salvador's volcanic resources have become the focus of Tether's investment. As a clean and renewable form of energy, volcanic energy is not only characterized by sustainability and stability, but also a subversive challenge to traditional coal-fired energy. By using volcanic energy for Bitcoin mining, Tether can not only reduce energy costs, but also inject new vitality into local economic development, achieving a win-win situation of economic and social benefits.

In addition to economic benefits, Tether's investment in the El Salvador Bitcoin mine will also bring more development opportunities to the local community. With the rise of Bitcoin mining, more investment and talent will flow into El Salvador, promoting the rapid development of the local economy. At the same time, Tether will also provide more employment opportunities and development space for local residents by investing in local infrastructure construction and education and training projects, helping El Salvador achieve economic transformation and sustainable development.

In the future, as the application of volcanic energy in Bitcoin mining continues to deepen, Tether's investment in the El Salvador Bitcoin mine will become an important milestone in the field of renewable energy. This will not only promote the development of Bitcoin mining in a greener and more sustainable direction, but also provide new ideas and paths for the development of the global renewable energy industry. It is believed that in the near future, volcanic energy will become the mainstream energy form for Bitcoin mining, injecting new impetus into the global energy transformation.

In summary, the significance of Tether's investment in the El Salvador Bitcoin mine lies not only in promoting the development of Bitcoin mining, but also in exploring new paths for renewable energy. By using volcanic energy for Bitcoin mining, Tether not only achieves the perfect combination of economic benefits and environmental protection concepts, but also opens up new prospects for the development of the global renewable energy industry. Let us look forward to how volcanic energy will lead Bitcoin mining to new heights and pave the way for the future of renewable energy.

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Coin Circle (120Btc.com) News: Tether, the issuer of the leading stablecoin USDT, announced in mid-May that it would hold a large position in Bitcoin and regularly buy 15% of its net profit into Bitcoin. Recently, it announced that it would enter Bitcoin mining. The first Bitcoin mine was selected in Uruguay. Yesterday, it also exposed the second mine plan in cooperation with the Bitcoin country "El Salvador".

Tether participated in the first round of $1 billion

Tether is an investor in the first round of financing, and the funds raised will be used to develop Volcano
Energy, a 241-megawatt renewable energy park under construction. The park is located in the town of Metapán in northwest El Salvador and will include 169 megawatts of photovoltaic solar energy and 72 megawatts of wind power generation facilities.

All the energy produced by this park will provide computing power for the Bitcoin mine in El Salvador. Tether roughly estimates that the computing power can exceed 1.3EH/s per second (according to CoinWarz data, the current Bitcoin network computing power is about 300-400EH/s). Such output is expected to allow Volcano Energy's Bitcoin mining computing power to directly enter the top 15 mining pools in the world.

Josue Lopez, CEO of Volcano Energy, said: Currently, more than 52% of Bitcoin mining is renewable energy. We believe that through important investments like ours, this proportion will increase significantly in the next few years.

Volcanoes become the main force in mining

El Salvador is located on the Pacific Ring of Fire, one of the most active volcanic belts in the world, and is also known as the "Volcano Country". El Salvador's President Nayib Bukele has strongly advocated a $1 billion Bitcoin bond (also known as a volcanic bond), and the amount of financing for this bond is exactly $1 billion. One of the purposes is to use the natural resources and geothermal energy of El Salvador's active volcanoes to carry out Bitcoin mining business.

Max Keiser, Chairman of Volcano Energy, said: "El Salvador has volcanoes, natural resources, talent, and now Tether's expertise and support, making it a powerhouse in Bitcoin mining. The Bitcoin Nation is now also called the Bitcoin Mining Nation." On the other hand, Paolo Ardoino, CTO of Tether, also said about the investment: "As an equity investor and advisor, we are very happy to be one of the original pioneers of renewable energy in El Salvador. Volcano Energy is one of the most groundbreaking and strategic projects we are investing in, and this investment continues Tether's progress in diversifying its strategic ecosystem."