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The squid measures nearly 30 feet long and weighs 222 pounds. It was found tangled in the fishermen's nets. It had already died.
There have only been 300 confirmed sightings of giant squids over the past 500 years. None have ever been seen alive.
The creatures usually live at depths of more than 660 feet, but sometimes surface to feed on fishermen's bait.
Smaller squid are considered a delicacy, but giant squid are inedible because their bodies contain a high concentration of ammonia, which helps them
survive in deeper waters.
The squid will be turned over to the Canary Islands Institute of Science for research and will eventually be put on display at a local museum.
The largest giant squid ever found was nearly 60 feet long and weighed 2,000 pounds.