Today, volcanic energy and tech/”>Luxor technology Corporation
“Lava Pool is another example of El Salvador’s first-mover advantage as a nation-state in the bitcoin ecosystem,” said Volcano Energy CSO Gerson Martínez. “Our vision is to create a vertically integrated bitcoin and energy mining company whose value is cumulative for investors and all Salvadoran citizens. “We are delighted to launch Lava Pool in partnership with Luxor technology, an industry leader in developing bitcoin mining products and services for miners from commoners to nation states.”
Luxor’s Hashrate Forward Marketplace will equip Volcano Energy with hedging strategies already adopted by major participants in the bitcoin mining market to protect Lava Pool against market volatility.
“The ethos of bitcoin mining revolves around geographic decentralization, and the development of mining pool infrastructure in El Salvador will contribute to this goal,” commented Luxor COO Ethan Vera. “We are excited to partner with Volcano Energy to launch Lava Pool and support their mission in El Salvador and Latin America as a whole.”
This partnership aims to help boost El Salvador’s ongoing efforts to integrate bitcoin into its energy infrastructure. With a large amount of renewable energy resources, bitcoin miners in the country can help play a critical role in strengthening the economy of new energy projects, as they can provide immediate income for these projects, particularly in remote regions. , while offering flexible load management capabilities to support the network during peak demand or periods of stress.
Additionally, El Salvador intends to reinvest profits generated from bitcoin mining into improving energy transmission and distribution infrastructure, strengthening the country’s energy systems. This multifaceted approach not only promotes energy security but also lays the foundation for economic growth, technological advancement and a sustainable future.
With the first bitcoin mining pool now operational, El Salvador continues to lead the way in harnessing the potential of bitcoin mining and renewable energy, captivating the attention of the global bitcoin community.
