Volcano Energy and Luxor Technology have launched Lava Pool, a Bitcoin mining pool leveraging El Salvador's renewable geothermal energy.
Salvadoran renewable energy and mining firm Volcano Energy and Bitcoin mining software provider Luxor Technology have launched "Lava Pool." This is the first crypto mining pool based in El Salvador that aims to tap into the country’s rich geothermal energy to mine bitcoin.
Volcano Energy is co-led by Josue Lopez, a 23-year-old Bitcoin advocate from El Salvador who serves as the CEO, and Max Keiser, who serves as chairman and is an advisor to El Salvador President Nayib Bukele. "Lava Pool is another example of El Salvador’s first mover advantage as a nation-state in the Bitcoin ecosystem,” Volcano Energy CSO Gerson Martinez said. “Our vision is to create a vertically integrated energy and Bitcoin mining company whose value is accretive to investors and to all Salvadoran citizens.”
“The ethos of Bitcoin mining revolves around geographical decentralization, and the development of mining pool infrastructure in El Salvador will contribute to this goal,” Luxor COO Ethan Vera added. “We're excited to partner with Volcano Energy to launch Lava Pool and to support their mission in El Salvador and Latin America more broadly.
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