Stablecoin issuer Tether has expanded its operations into Bitcoin (BTC) mining, according to a May 30 press statement shared with CryptoSlate.
Tether announced it has invested resources into energy production and has partnered with an unnamed local licensed company to launch a sustainable Bitcoin mining operation in Uruguay.
The stablecoin issuer stated:
“Tether is investing in renewable energy sources to support and promote sustainable Bitcoin mining—an essential component in upholding the world’s most robust and secure monetary network.”
Tether’s CTO Paolo Ardoino, speaking on the development, emphasized the company’s commitment to environmentally responsible mining by stating that every BTC mined would leave a minimal ecological footprint. He added, “By harnessing the power of Bitcoin and Uruguay’s renewable energy capabilities, Tether aims to lead the way in sustainable and responsible Bitcoin mining.
According to the press statement, the move aligns with its goal o
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