El Salvador's Volcano Energy secures $1B in commitments for 24 | DeCenter – Blockchain and Bitcoin

El Salvador's Volcano Energy secures $1B in commitments for 241 MW Bitcoin mine

Volcano Energy announced $1 billion in commitments to build a 241 megawatt (MW) bitcoin mine in the Metapán region of El Salvador, according to a Monday press release on Twitter.

The initial investment was $250 million and came from "key Bitcoin industry leaders," said the company.

The mining site will be powered with 169 MW of solar and 72 MW of wind energy to bring computing power of over 1.3 exahash/second (EH/s), the press release said. It will be located in Metapán, Santa Ana, in the country's northwest.

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