SAN SALVADOR : 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
SAN SALVADOR : 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.
Volcano Energy said the funds would go toward an estimated 241 MW power generation park using solar and wind energy in the northwestern municipality of Metapan, which will eventually power the bitcoin mining farm. A Reuters report found adoption among residents has been shaky, while the International Monetary Fund has cautioned against the embrace due to legal risks, fiscal fragility and the speculative market.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Indonesia volcano draws thousands for ritual sacrificePROBOLINGGO, Indonesia: Thousands of Hindu worshippers scaled an active Indonesian volcano on Monday (Jun 5) to toss livestock, food and other offerings into its smoking crater in a centuries-old religious ceremony. Swarming the thin rim around the basin of Mount Bromo, devotees heaved goats, chickens and
Read more »
Kremlin: OPEC+ important to global energy market stabilityMOSCOW : OPEC+, the group of leading oil-producing countries, is important for providing stability on global energy markets, Kremlin spokesman Dmitry Peskov said on Monday, a day after the group met.OPEC+ pumps around 40 per cent of the world's crude and has put in place cuts of 3.66 million barrels per
Read more »
Indonesia’s Mount Bromo draws thousands for ritual sacrificeEvery year, devotees throw goats, chickens and vegetables over the volcano’s rim to please their gods. Read more at straitstimes.com.
Read more »
NWSL's new Bay FC hope to ride World Cup wave of excitementSAN FRANCISCO : The founders behind the new National Women's Soccer League (NWSL) expansion team in California's San Francisco Bay Area believe this year's Women's World Cup will only add to their momentum as they kick off their inaugural season next year. Bay FC, the NWSL's 14th club, will start play in
Read more »
Klinsmann includes detained midfielder Son in South Korea squadSouth Korea coach Juergen Klinsmann has included Son Jun-ho in his squad for this month's friendly matches against Peru and El Salvador despite the midfielder's ongoing detention in China in connection with a bribery case in Liaoning province.Son, who plays his club football for Chinese Super League side
Read more »
MMA studios in Singapore: Best places to learn boxing, Muay Thai and Brazilian jiu-jitsuSingapore isn't a stranger to sporting fads. But how did Mixed Martial Arts (MMA) manage to captivate the hearts of Singaporeans? The answer lies in a perfect storm of factors: from a growing fitness trend to a hunger for high-energy entertainment. Today, we're home to a thriving community of fighters, fans, and dedicated training studios. In this article, we'll explore...
Read more »