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Single inactive volcano has 90% chance of powering El Salvador's Bitcoin City, according to president

Published 01/10/2022, 03:15 PM
Updated 01/10/2022, 05:00 PM
© Reuters.
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El Salvador's President Nayib Bukele has claimed officials will be able to use geothermal energy from one of the country’s inactive volcanoes to power its Bitcoin City project.

In a Sunday notice, Bukele said there was a 90% probability of using the Conchagua volcano to supply 42 megawatts — “enough to provide energy to the entire Bitcoin City,” according to the president. The Salvadoran leader said the state-owned electrical company LaGeo was continuing to increase its production of geothermal power from different volcanoes in the country, with one of the sites believed capable of producing 95 MW.

Source: Twitter (NYSE:TWTR)

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