Japan’s SBI Crypto Plans Volcano-Powered Bitcoin Mining in El Salvador

The Japan-based digital asset firm is exploring Bitcoin mining using geothermal energy from volcanic sources in El Salvador, aiming to expand its sustainable crypto operations.

BTC

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Terms & Concepts
  • Bitcoin mining: The process of validating Bitcoin transactions and securing the network by solving complex mathematical problems, rewarded with new Bitcoin.
  • Geothermal energy: Renewable heat energy generated from the Earth’s internal sources, often used for electricity production.
  • SBI Crypto: A Japan-based subsidiary of financial group SBI Holdings that operates cryptocurrency mining and blockchain services.