Tether invests in startup that's building a bitcoin mine in El Salvador

Quick Take

  • Tether has backed Max Keiser’s startup Volcano Energy, which is building a bitcoin mining farm in El Salvador.
  • Tether has invested in Volcano Energy’s first round worth $250 million, Paolo Ardoino told The Block.

Stablecoin issuer Tether has backed a startup called Volcano Energy that aims to build a bitcoin mining farm in El Salvador.

Tether has invested in Volcano Energy's first round of funding, it announced Monday. The first round is worth $2