{"id":170490,"date":"2023-06-06T12:25:23","date_gmt":"2023-06-06T10:25:23","guid":{"rendered":"https:\/\/www.islabit.com\/en\/?p=170490"},"modified":"2023-09-22T09:46:59","modified_gmt":"2023-09-22T07:46:59","slug":"tether-invests-1-billion-to-create-volcano-powered-bitcoin-mining-giant-in-el-salvador","status":"publish","type":"post","link":"https:\/\/www.islabit.com\/en\/170490\/tether-invests-1-billion-to-create-volcano-powered-bitcoin-mining-giant-in-el-salvador.html","title":{"rendered":"Tether invests $1 billion to create volcano-powered Bitcoin mining giant in El Salvador"},"content":{"rendered":"\n<ul class=\"has-background wp-block-list\" style=\"background-color:#8dd2fc6e\">\n<li><strong>Tether leads a $1 billion investment in building the world&#8217;s largest Bitcoin mining site in El Salvador, using the country&#8217;s volcanic energy.<\/strong><\/li>\n<span hidden class=\"__iawmlf-post-loop-links\" data-iawmlf-links=\"[{&quot;id&quot;:736,&quot;href&quot;:&quot;https:\\\/\\\/tether.to\\\/en\\\/tether-participates-in-1-billion-investment-to-build-the-worlds-largest-bitcoin-mining-farm-in-el-salvador&quot;,&quot;archived_href&quot;:&quot;http:\\\/\\\/web-wp.archive.org\\\/web\\\/20251201145746\\\/https:\\\/\\\/tether.to\\\/en\\\/tether-participates-in-1-billion-investment-to-build-the-worlds-largest-bitcoin-mining-farm-in-el-salvador\\\/&quot;,&quot;redirect_href&quot;:&quot;&quot;,&quot;checks&quot;:[{&quot;date&quot;:&quot;2026-02-07 05:36:20&quot;,&quot;http_code&quot;:206},{&quot;date&quot;:&quot;2026-02-26 14:09:44&quot;,&quot;http_code&quot;:206},{&quot;date&quot;:&quot;2026-03-13 16:49:03&quot;,&quot;http_code&quot;:206},{&quot;date&quot;:&quot;2026-03-24 00:51:00&quot;,&quot;http_code&quot;:206},{&quot;date&quot;:&quot;2026-03-27 10:49:53&quot;,&quot;http_code&quot;:206},{&quot;date&quot;:&quot;2026-04-02 02:19:07&quot;,&quot;http_code&quot;:206},{&quot;date&quot;:&quot;2026-04-07 15:40:28&quot;,&quot;http_code&quot;:206},{&quot;date&quot;:&quot;2026-04-14 01:37:48&quot;,&quot;http_code&quot;:206},{&quot;date&quot;:&quot;2026-04-19 06:28:10&quot;,&quot;http_code&quot;:206},{&quot;date&quot;:&quot;2026-04-25 07:36:37&quot;,&quot;http_code&quot;:206},{&quot;date&quot;:&quot;2026-04-29 07:51:52&quot;,&quot;http_code&quot;:206},{&quot;date&quot;:&quot;2026-09-02 17:50:25&quot;,&quot;http_code&quot;:206}],&quot;broken&quot;:false,&quot;last_checked&quot;:{&quot;date&quot;:&quot;2026-09-02 17:50:25&quot;,&quot;http_code&quot;:206},&quot;process&quot;:&quot;done&quot;},{&quot;id&quot;:737,&quot;href&quot;:&quot;https:\\\/\\\/www.islabit.com\\\/161863\\\/stablecoins-que-son-y-como-se-clasifican.html&quot;,&quot;archived_href&quot;:&quot;http:\\\/\\\/web-wp.archive.org\\\/web\\\/20260207053720\\\/https:\\\/\\\/www.islabit.com\\\/161863\\\/stablecoins-que-son-y-como-se-clasifican.html&quot;,&quot;redirect_href&quot;:&quot;&quot;,&quot;checks&quot;:[{&quot;date&quot;:&quot;2026-04-29 07:51:58&quot;,&quot;http_code&quot;:200}],&quot;broken&quot;:false,&quot;last_checked&quot;:{&quot;date&quot;:&quot;2026-04-29 07:51:58&quot;,&quot;http_code&quot;:200},&quot;process&quot;:&quot;done&quot;}]\"><\/span>\n\n\n<li><strong>The project, known as &#8220;Volcano Energy,&#8221; will draw on Tether&#8217;s expertise in renewable energy, hardware, and communications to establish a sustainable and strategic mining operation.<\/strong><\/li>\n\n\n\n<li><strong>This initiative reinforces Tether&#8217;s commitment to diversify its ecosystem and support Bitcoin mining for the long term, and builds on its recent investments in Uruguay and support for crypto reforms in El Salvador.<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Tether <a href=\"https:\/\/tether.to\/en\/tether-participates-in-1-billion-investment-to-build-the-worlds-largest-bitcoin-mining-farm-in-el-salvador\/\" target=\"_blank\" rel=\"noreferrer noopener\">announced yesterday<\/a>, June 5, its investment of $1 billion in the construction of the world&#8217;s largest Bitcoin mining site in El Salvador.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company participated in the first round of financing for this billion-dollar project, focusing on investing in renewable energy to support <a href=\"https:\/\/www.islabit.com\/en\/price-bitcoin\" target=\"_blank\" rel=\"noreferrer noopener\">Bitcoin<\/a> mining.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The mining site will harness the country&#8217;s volcanic energy and generate 241 megawatts of renewable energy in Metap\u00e1n.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Volcano Energy: a strategic initiative backed by Tether<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Tether will contribute its expertise in energy, hardware and communications to the construction of &#8220;Volcano Energy&#8221;, in addition to financing the project.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Paolo Ardoino, Tether&#8217;s CTO, expressed excitement about being one of the pioneers in renewable energy in El Salvador as an investor and advisor. Ardoino highlighted the importance of this initiative to make El Salvador a world benchmark in the production of renewable energy.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Tether is expanding its energy investments, providing capital, tech expertise and advisory to the new venture Volcano Energy\ud83c\udf0b <br><br>The potential of El Salvador \ud83c\uddf8\ud83c\uddfb as the global energy and <a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#bitcoin<\/a> hub is immense and at <a href=\"https:\/\/twitter.com\/Tether_to?ref_src=twsrc%5Etfw\">@Tether_to<\/a> we&#39;re grateful to be part of this opportunity \u2764\ufe0f\u2026 <a href=\"https:\/\/t.co\/wA3dnlQyjB\">https:\/\/t.co\/wA3dnlQyjB<\/a><\/p>&mdash; Paolo Ardoino \ud83c\udf50 (@paoloardoino) <a href=\"https:\/\/twitter.com\/paoloardoino\/status\/1665734136617656321?ref_src=twsrc%5Etfw\">June 5, 2023<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">This investment is part of Tether&#8217;s <a href=\"https:\/\/www.islabit.com\/en\/168898\/5-ways-to-earn-passive-income-from-crypto-in-2022.html\" target=\"_blank\" rel=\"noreferrer noopener\">strategic diversification<\/a> approach. In fact, it seeks to support Bitcoin mining in a sustainable manner and is moving away from its core business, USDT, by investing in renewable energy infrastructure.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The recent investment announcement in Uruguay and now in El Salvador demonstrates their focus on sustainable mining. Paolo Ardoino, on Twitter, praised El Salvador&#8217;s potential as a Bitcoin nation and assured that the investment in Volcano Energy comes from its own reserves and does not affect the reserves that back the issued tokens.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">El Salvador and its pioneering role in the adoption of cryptocurrencies<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">El Salvador has been implementing changes to the regulation of cryptocurrencies, including <a href=\"https:\/\/www.islabit.com\/161863\/stablecoins-que-son-y-como-se-clasifican.html\" target=\"_blank\" rel=\"noreferrer noopener\">stablecoins<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">President Nayib Bukele has promoted these reforms to promote tolerance towards other digital assets in the country. Tether has shown its support for these initiatives and has praised El Salvador&#8217;s leadership in terms of technology and financial autonomy, wishing that European countries were equally advanced in these aspects.<\/p>\n<div style=\"color: ; background-color: #EFEFEF; padding: 10px; border-radius: 10px; border: 2px solid #D48700; font-size: 0.8em;\"><b>Disclaimer:<\/b> The content and links provided in this article are for informational purposes only. islaBit does not offer legal, financial or investment recommendations or advice, nor is it a substitute for the due diligence of each interested party. islaBit does not endorse any investment or similar offer promoted here. Some of the postings may be promoted by interested third parties.<\/div>","protected":false},"excerpt":{"rendered":"<p>Tether announced yesterday, June 5, its investment of $1 billion in the construction of the world&#8217;s largest Bitcoin mining site in El Salvador. The company participated in the first round of financing for this billion-dollar project, focusing on investing in renewable energy to support Bitcoin mining. The mining site will harness the country&#8217;s volcanic energy &#8230; <a title=\"Tether invests $1 billion to create volcano-powered Bitcoin mining giant in El Salvador\" class=\"read-more\" href=\"https:\/\/www.islabit.com\/en\/170490\/tether-invests-1-billion-to-create-volcano-powered-bitcoin-mining-giant-in-el-salvador.html\">Read more <span class=\"screen-reader-text\">Tether invests $1 billion to create volcano-powered Bitcoin mining giant in El Salvador<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":170491,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,6],"tags":[109,123],"class_list":["post-170490","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrencies","category-news","tag-crypto-mining","tag-usdt"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tether invests $1 billion to create volcano-powered Bitcoin mining giant in El Salvador - 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