MND Pushes Central Europe Toward a Geothermal Future with Landmark Košice Project Central Europe has just witnessed a major geothermal breakthrough. Czech energy and drilling giant MND has officially completed the drilling phase of one of the largest geothermal heating projects in Central Europe, marking a decisive moment not only for Slovakia’s energy future, but also for the wider European geothermal sector. Located in the city of Košice, Slovakia’s second-largest city, the ambitious geothermal development demonstrates how deep geothermal energy is rapidly transforming from a niche renewable resource into a strategic pillar of urban energy security, district heating, and industrial decarbonization. The announcement by MND revealed that three deep geothermal boreholes were successfully drilled to depths of up to 3.6 kilometers under difficult geological conditions. Once fully operational, the geothermal system could cover as much as 55% of Košice’s heat consumption — an extraordina...
El Salvador Mines 474 Bitcoin Worth $29 Million with Volcano-Fueled Geothermal Power By: Robert Buluma El Salvador is revolutionizing cryptocurrency mining by harnessing the natural power of its volcanoes. Since 2021, the Central American nation has mined an impressive 474 Bitcoins using geothermal energy derived from the Tecapa volcano, valued at approximately $29 million at current Bitcoin prices. A Renewable Energy-Powered Breakthrough This groundbreaking initiative is part of El Salvador’s larger strategy to merge cryptocurrency with renewable energy. Geothermal energy, which accounts for 25% of the country's electricity production, plays a crucial role in powering these operations. The state-owned geothermal company, LaGeo, operates two major plants that generate a combined 204 megawatts of power. From this capacity, 1.5 megawatts are used to sustain the mining of Bitcoin, a process often criticized globally for its energy consumption and environmental...