On Wednesday, Bukele tweeted that he had instructed the state-owned geothermal electric company LAGeoSV to power bitcoin mines with “very cheap, 100% clean, 100% renewable, 0 emissions energy from our volcanos.”
“This is going to evolve fast!” he added.
Indeed, just a couple hours later, Bukele tweeted a video of a new well that has already been dug, which will provide approximately 95 megawatts of power, adding “Starting to design a full Bitcoin mining hub around it.”
Earlier in the day, El Salvador’s legislature adopted the law allowing the use of bitcoin for transactions – the first country in the world to do so. The three-page bill sailed through the Legislative Assembly, with 62 out of 84 lawmakers backing it.
“Bitcoiners around the world, the time has come. We are ready. We did our part, now the ball is on your side,” said William Soriano, member of the ruling New Ideas party.
