Icelandic volcano threatens geothermal plant powering crypto mines
Icelandic authorities are preparing to shield a geothermal plant relied upon by crypto miners amid fears that recent earthquakes in the region could soon be followed by a volcanic eruption. Quakes in the southwestern region of Reykjanes began on October 26 and continued to escalate during November. Despite the tremors subsiding, the town of Grindavik has been evacuated with scientists claiming that an eruption from the Fagradalsfjall volcano is imminent. The volcano is located three kilometers from the Svartsengi geothermal plant which, as reported by Reuters, is currently being fortified with defensive walls designed to protect it from potential lava flows. According to Iceland’s justice minister, enough resources to fill 20,000 trucks are being moved to the plant to help create the defensive barrier. Iceland is bracing for a volcanic eruption in the coming days after a series of earthquakes and evidence of hot magma flowing quickly underground. Authorities have evacuate...