Tether expands to Uruguay, launching Bitcoin mining operations with a focus on renewable energy. A strategic move towards sustainable and responsible practices in cryptocurrency.
Stablecoin issuer Tether has announced it will be launching Bitcoin mining operations in Uruguay.it planned to start a mining arm in the South American nation “in collaboration with a local licensed company” in addition to investing in Uruguay’s energy production. The stablecoin issuer claimed the venture would utilize renewable energy sources aimed at “sustainable” Bitcoin mining and planned to hire additional team members.
"By harnessing the power of Bitcoin and Uruguay's renewable energy capabilities, Tether is leading the way in sustainable and responsible Bitcoin mining," said Tether chief technology officer."Our unwavering commitment to renewable energy ensures that every Bitcoin we mine leaves a minimal ecological footprint while upholding the security and integrity of the Bitcoin network.
At Tether, we understand the importance of energy in driving progress & enabling thriving communities. That's why we're dedicated to harnessing the power of renewable energy to mine
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