The President of El Salvador claims to be increasing geothermal production to feed Bitcoin City

The President of El Salvador, Nayib Bukele, gave further details about the modern city, which is supplied with geothermal energy, the innovative project called Bitcoin City, information disclosed in a government press release dated January 9, 2022.

The production of geothermal energy is under the supervision of the Salvadoran company LaGeo. standwho has two plants, one in Ahuachapà and the other in Usulután.

â ???? We have dug new wells and plan to increase our geothermal productionâ ???? He highlighted the Latin American mandate by stating that a total of four wells are well on their way to contribute to production.

The President of El Salvador claims to be increasing geothermal production to feed Bitcoin City
The President of El Salvador claims to be increasing geothermal production to feed Bitcoin City

One of the most advanced wells in the consolidation process has a capacity of 95 megawatts (MW) â ????clean, cheaper and renewable energy from a source that will last at least a few million yearsâ ???? President Nayib Bukele commented on this.

According to the statement, the surpluses that can be achieved with these boreholes are to be used for Bitcoin mining. and thus be able to add more cryptocurrencies that circulate in the ecosystem

â ???? … We have a 90 percent chance of finding a well (with capacity) that is at least 42 MW (contribution). Enough to supply the entire Bitcoin City with energy, said the head of state.

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