A public-private partnership in El Salvador will pump $1 billion into creating one of the world's largest bitcoin mining farms, the group called Volcano Energy announced on Monday.
The project will start with an initial $250 million, backed by "key Bitcoin industry leaders" in collaboration with renewable energy developers, Volcano Energy said in a statement.
El Salvador's state "Bitcoin Office" retweeted the news on its Twitter.
The presidential office did not immediately respond to a request for comment.
