Salvadoran renewable energy and mining firm Volcano Energy and Bitcoin mining software provider Luxor Technology have launched "Lava Pool." This is the first crypto mining pool based in El Salvador that aims to tap into the country’s rich geothermal energy to mine Bitcoin.

Volcano Energy will mine bitcoin exclusively via the pool and contribute 23% of its net income to the El Salvador government as part of a public-private partnership initiative, according to a statement.

Volcano Energy is co-led by Josue Lopez, a 23-year-old Bitcoin advocate from El Salvador who serves as the CEO, and Max Keiser, who serves as chairman and is an advisor to El Salvador President Nayib Bukele. 

El Salvador hit the headlines in 2021, becoming the first country to give bitcoin legal tender status. It …