Step 1: Place spinach and salt in a heavy 4-5 quart casserole.
Step 2: Cover tightly and cook over medium heat until spinach is tender, about 10 minutes.
Step 3: Drain spinach, squeezing it completely dry a handful at a time. Chop coarsely and set aside.
Step 4: Melt butter in a large, heavy skillet over moderate heat. Add onions and chilies and cook, stirring frequently, until soft but not brown, about 5 minutes.
Step 5: Stir in coconut milk and peanuts and bring to a simmer over moderate heat. Reduce heat to its lowest point. Cook uncovered, stirring frequently, 2-3 minutes.
Step 6: Add spinach and cook until heated through, 4-5 minutes more.
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