El Salvador Doubles Down on Bitcoin Strategy with New Mining Initiative

El Salvador continues to lead the world in national Bitcoin adoption, announcing a new state-backed mining operation powered by geothermal energy from the country’s volcanoes. President Nayib Bukele revealed that the facility will initially deploy 300 PH/s of mining capacity, with plans to scale to over 1 EH/s by 2026.

The initiative leverages El Salvador’s abundant renewable geothermal resources, positioning the country as a model for sustainable Bitcoin mining. The government estimates the operation will generate over $100 million annually in Bitcoin while maintaining a carbon-negative footprint.

International observers are watching closely. If successful, El Salvador’s model could inspire other nations with renewable energy surpluses to explore similar strategies, potentially reshaping the global distribution of Bitcoin mining.