Tether Fuels Sustainable Bitcoin Mining with Volcano Energy Investment

Stablecoin issuer Tether is heating things up in the crypto world, revealing its latest investment in a Salvadoran bitcoin mining venture called “Volcano Energy.” This comes after Tether’s recent announcement of a sustainable mining project in Uruguay. The company is backing Volcano Energy with a whopping $1 billion investment, alongside Max Keiser. The funds will be used to establish a renewable energy mining facility powered by solar and wind energy.

With a mission to increase sustainable mining, Tether and Volcano Energy are aiming to make El Salvador a global player in renewable energy production. CEO Josue Lopez predicts a significant rise in sustainable mining operations, stating that “Volcano Energy” is crucial for bitcoin’s future resiliency and highlights El Salvador’s growing importance in the tech world.

Clever Robot News Desk 6^th June 2023