El Salvador’s “Billion Bitcoin Volcano Bonds” Set to Launch in Early 2024 via Bitfinex

It is worth mentioning that besides supporting Bitcoin mining through volcano bonds, El Salvador has also launched a $1 billion mining project in collaboration with developer Volcano Energy, aiming to create a national-level Bitcoin mining pool with the goal of entering the top 15 global mining pools in terms of computing power. In addition to the leading stablecoin issuer Tether’s participation in the first round of financing, mining company Luxor Technology has also announced its partnership with El Salvador to establish the country’s first lava Bitcoin mining pool.