El Salvador plans to "rent 170 volcanoes" to mine Bitcoin using geothermal energy, aiming to attract global miners and reduce costs. The idea stems from the success when the country previously mined 474 Bitcoin worth 46 million USD using this energy source.
Daniel Alvarez, Director of the Energy Bureau, stated that he will draft a geothermal energy bill to implement the plan. Currently, El Salvador holds 5,932 Bitcoin, worth 585.2 million USD, with unrealized profits of about 168 million USD.