El Salvador, a small Central American nation, has made waves in the global financial landscape by harnessing the power of volcanoes to mine Bitcoins. According to a recent report by Reuters, the country has successfully mined approximately 474 Bitcoins since 2021, thanks to a unique geothermal power plant situated near a volcano. This innovative initiative has significantly boosted the government's total BTC portfolio, which currently stands at an impressive $354 million.

The "Bitcoin Office", an official government organization, has revealed that the country's state coffers now hold a total of 5,750 bitcoins. The newly added 473.5 bitcoins, worth approximately $29 million, have been mined since September 2021. These Bitcoins were produced using small amounts of geothermal energy from the majestic Tecapa volcano, showcasing El Salvador's commitment to sustainable cryptocurrency mining practices.

President Nayib Bukele, a known Bitcoin enthusiast who was recently re-elected for a second term, has overseen the installation of 300 mining devices to harness the power of the volcano. Out of the 102 megawatts (MW) generated by the state-owned power plant, 1.5 MW has been dedicated to cryptocurrency mining, demonstrating the government's strategic approach to this innovative venture.

Cryptocurrency miners worldwide have faced increased scrutiny due to the energy-intensive nature of their operations and the impact on power grids and carbon emissions. However, El Salvador's geothermal-powered mining operation offers a more sustainable alternative, setting an example for other countries to follow in the pursuit of eco-friendly cryptocurrency mining practices.