Tether announces sustainable Bitcoin mining operations, called Tether Energy, in Uruguay, aiming to become a leading global technology provider.
Tether, the company behind the USDT stablecoin, is making significant strides in the world of Bitcoin. After previously announcing plans to buy Bitcoin using profits.
Tether is now venturing into energy production and sustainable Bitcoin mining with the launch of Tether Energy in Uruguay.
On May 30, Tether CTO Paolo Ardoino announced on Twitter that Tether Energy will offer technology and funding to develop renewable energy infrastructure and engage in Bitcoin mining.
In a press release on May 30, Tether disclosed its investment in energy production and the initiation of sustainable Bitcoin mining operations in Uruguay. Tether has collaborated with a licensed local company to establish these mining operations.
Paolo Ardoino, the CTO at Tether, expressed the company’s commitment to utilizing advanced technology, sustainable methods, and financial innovation to mine Bitcoin with renewable energy sources, thus reducing its environmental impact.
Tether is taking a leading role in sustainable and responsible Bitcoin mining by utilizing the renewable energy potential of Uruguay in combination with the power of Bitcoin.
Tether recognizes the significance of energy in advancing development and building stronger communities. The company plans to utilize renewable energy sources for Bitcoin mining, leveraging the secure and transparent nature of the global monetary network.
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Tether is actively seeking to expand its team by recruiting professionals with expertise in the energy sector. Presently, they have seven open positions, including roles such as site manager, IT technician, and mechanical technician.
Important: This article is intended solely for informational purposes. It should not be considered or relied upon as legal, tax, investment, financial, or any other form of advice.
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