Tether nominata come investitore nel progetto di energia rinnovabile di El Salvador
- El Salvador ha annunciato impegni per $1 miliardo per il suo progetto di energia rinnovabile da Tether e altre aziende.
- The renewable energy project of 241 megawatts called Volcano Energy will be established in Metapán.
- Il sito di energia rinnovabile comprenderà 169 MW di energia solare fotovoltaica e 72 MW di energia eolica.
- L'investimento iniziale sarà di circa $250M e la potenza computazionale iniziale sarà di circa 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.
Il distretto utilizzerà l'energia solare ed eolica e sarà monetizzato utilizzando questa energia per le operazioni di mining di Bitcoin. Sembra che El Salvador abbia stretto una partnership con Tether per rendere la nazione centroamericana un hub per l'estrazione di BTC tramite risorse rinnovabili.
Come per l'a comunicato stampa 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.”
È inoltre fondamentale notare che il governo di El Salvador svolgerà un ruolo fondamentale nella creazione e nel mantenimento di Volcano Energy e sarà quindi proprietario di 23% dei proventi. D'altra parte, Tether e altri investitori deterranno 27% dei proventi, mentre il resto dei 50% sarà reinvestito nel progetto.
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.
Come riportato in precedenza da Bitnation, Tether ha anche deciso di espandere la propria presenza in Georgia, un paese all'incrocio tra Europa e Asia. L'emittente di stablecoin investito in CityPay.io, una società locale di elaborazione dei pagamenti.
Un giornalista crittografico con oltre 3 anni di esperienza in DeFi, NFT, metaverse, ecc. Parth ha lavorato con i principali media nel mondo crittografico e finanziario e ha acquisito esperienza e competenza nella cultura crittografica dopo essere sopravvissuto ai mercati ribassisti e rialzisti nel corso degli anni.
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