Tether nombrado como inversionista en el proyecto de energía renovable de El Salvador
- El Salvador ha anunciado $1 mil millones en compromisos para su proyecto de energía renovable de Tether y otras empresas.
- The renewable energy project of 241 megawatts called Volcano Energy will be established in Metapán.
- El sitio de energía renovable comprenderá 169 MW de energía solar fotovoltaica y 72 MW de energía eólica.
- La inversión inicial rondará los $250M y la potencia computacional inicial rondará los 1,3 EH/s.
In an attempt to expand its presence in countries around the globe, Tether, the firm behind the world’s largest stablecoin by market capitalization, USDT, has recently partnered with multiple firms. The stablecoin issuer’s latest investment has been confirmed in the renewable energy project of the first country to adopt Bitcoin, the world’s biggest crypto coin, as legal tender, El Salvador. The stablecoin firm and El Salvador will put together close to $1 billion in the renewable energy initiative.
El Salvador adopted Bitcoin as legal tender in September 2021, and it has been almost two years since that event happened. The leading country in Central America continues to push for Bitcoin adoption across the nation. Authorities are working together to construct a renewable power generation precinct in Metapán, a city and municipality in the Santa Ana department of El Salvador.
El recinto utilizará energía solar y eólica y se monetizará mediante el uso de esta energía para las operaciones de minería de Bitcoin. Parece que El Salvador se ha asociado con Tether para hacer de la nación centroamericana un centro para la minería de BTC a través de recursos renovables.
según un presione soltar shared on social media platform Twitter, the goal is to “position El Salvador as a prominent global player in the Bitcoin mining industry, while simultaneously promoting energy competitiveness, diversification, and geographic expansion for the Bitcoin network, as part of our unwavering commitment to establishing a global Bitcoin standard.”
“With a focus on a debt-free approach, we are constructing a pathway to our geothermal future within the volcanic region, integrating solar and wind projects. We are commencing this transformative journey with the development of a 241 MW renewable power generation park in the Metapán region of El Salvador. Located in the El Shiste hamlet, within the municipality of Metapán, Santa Ana, this chosen site boasts exceptional solar and wind energy yields in the country,” said the release.
Tether is one of the investors involved in the creation of Volcano Energy, a 241 megawatt renewable energy park that is under construction in the Central American nation. The site will be based in Metapán and will comprise 169 MW of photovoltaic solar energy and 72 MW of wind energy.
El Salvador has announced $1 billion in total commitments with the help of Tether and other investors “for the establishment of one of the world’s largest Bitcoin mining farms, with an initial computational power surpassing 1.3 EH/s.” The first investment comes at around $250 million, “bootstrapped by key Bitcoin industry leaders, with collaboration from top developers and manufacturers of renewable energy technology, as well as Bitcoin mining experts on a global scale.”
También es crucial tener en cuenta que el gobierno de El Salvador desempeñará un papel vital en el establecimiento y mantenimiento de Volcano Energy y, por lo tanto, será propietario del 23% de las ganancias. Por otro lado, Tether y otros inversores poseerán 27% de las ganancias, mientras que el resto de los 50% se reinvertirán en el proyecto.
The hashrate of 1.3 EH/s will put Volcano Energy somewhere in the top 20 Bitcoin mining pools, a significant development for El Salvador. Commenting on this development, Tether chief technology officer Paolo Ardoino stated that this investment fulfills his firm’s wishes to invest in renewable sources of energy as well as in the Bitcoin mining industry.
“Currently, more than 52% of Bitcoin mining is being done sustainably. We believe this percentage will significantly increase in the coming years through important investments like ours,” said Volcano Energy CEO Josue Lopez.
Como informó anteriormente Bitnation, Tether también decidió expandir su presencia en Georgia, un país en la intersección de Europa y Asia. El emisor de la moneda estable invertido en CityPay.io, una empresa local de procesamiento de pagos.
Criptoperiodista con más de 3 años de experiencia en DeFi, NFT, metaverso, etc. Parth ha trabajado con los principales medios de comunicación en el mundo de las criptomonedas y las finanzas y ha adquirido experiencia y conocimientos en la criptocultura después de sobrevivir a los mercados bajistas y alcistas a lo largo de los años.
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