Stablecoin Issuer Tether To Begin Bitcoin Mining Operations In Uruguay
BtcCasey
May 30, 2023
The company behind the most widely used U.S. dollar stablecoin is set to enter the mining industry through collaborations in Uruguay.
https://bitcoinmagazine.com/business/stablecoin-issuer-tether-to-begin-bitcoin-mining-operations-in-uruguay
Tether, the company behind the widely popular USD stablecoin, has announced its foray into energy production and sustainable Bitcoin mining operations in Uruguay. According to the announcement [1], Tether’s collaboration with a local licensed company marks the company’s expansion into the energy sector as part of its goal to become a global tech leader.
By investing in renewable energy sources, Tether said it aims to support and promote sustainable Bitcoin mining, ensuring a “minimal ecological footprint while upholding the security and integrity of the Bitcoin network.” Paolo Ardoino, CTO of Tether, emphasized the company's commitment to renewable energy, stating, "Tether is proud to spearhead a movement that combines cutting-edge technology, sustainable practices, and financial innovation."
Uruguay has gained recognition as a leader in renewable energy, with an impressive 94% of electricity generation sourced from renewable sources such as wind and solar power according to the announcement. The country's favorable conditions for renewable energy production, including wind farms, solar parks and hydropower projects, make it an ideal location for Tether's sustainable mining operations. The company also stated that Uruguay's robust and reliable grid system further ensures efficient and sustainable mining activities.
Tether is actively seeking experts in the energy sector to join its team and contribute to this innovative project. For more information on Tether's energy initiative and potential career opportunities, interested individuals can visit their website at tether.recruitee.com/energy.
[1] https://tether.to/en/tether-invests-in-energy-production-and-sustainable-bitcoin-mining-in-uruguay/
Bitcoinmagazine /
npub12z…hmwp0
2023-05-30 21:46:41
Author Public Key
npub12zrhmm3pad8te8xce8leksxlgs5zzt420ea2er28xrc60eq5xufschmwp0Seen on
wss://relay.nostr.bandPublished at
2023-05-30 21:46:41Event JSON
{
"id": "dee6e745c91d7e31ae57e60efc2838bcac43e3a3b86894692a306b40020079da",
"pubkey": "50877dee21eb4ebc9cd8c9ff9b40df4428212eaa7e7aac8d4730f1a7e4143713",
"created_at": 1685483201,
"kind": 1,
"tags": [],
"content": "Stablecoin Issuer Tether To Begin Bitcoin Mining Operations In Uruguay\n\n BtcCasey\n May 30, 2023\n\nThe company behind the most widely used U.S. dollar stablecoin is set to enter the mining industry through collaborations in Uruguay.\n\n\nhttps://bitcoinmagazine.com/business/stablecoin-issuer-tether-to-begin-bitcoin-mining-operations-in-uruguay\n\n\n\n\nTether, the company behind the widely popular USD stablecoin, has announced its foray into energy production and sustainable Bitcoin mining operations in Uruguay. According to the announcement [1], Tether’s collaboration with a local licensed company marks the company’s expansion into the energy sector as part of its goal to become a global tech leader. \n\nBy investing in renewable energy sources, Tether said it aims to support and promote sustainable Bitcoin mining, ensuring a “minimal ecological footprint while upholding the security and integrity of the Bitcoin network.” Paolo Ardoino, CTO of Tether, emphasized the company's commitment to renewable energy, stating, \"Tether is proud to spearhead a movement that combines cutting-edge technology, sustainable practices, and financial innovation.\" \n\nUruguay has gained recognition as a leader in renewable energy, with an impressive 94% of electricity generation sourced from renewable sources such as wind and solar power according to the announcement. The country's favorable conditions for renewable energy production, including wind farms, solar parks and hydropower projects, make it an ideal location for Tether's sustainable mining operations. The company also stated that Uruguay's robust and reliable grid system further ensures efficient and sustainable mining activities.\n\nTether is actively seeking experts in the energy sector to join its team and contribute to this innovative project. For more information on Tether's energy initiative and potential career opportunities, interested individuals can visit their website at tether.recruitee.com/energy. \n\n\n\n\n\n[1] https://tether.to/en/tether-invests-in-energy-production-and-sustainable-bitcoin-mining-in-uruguay/",
"sig": "3ef4db7e8ac314bbaaa5bcb3773c032d7b92f304c29c504d8228011e83db2a1d6490801ef114ec831b577133a574a666dc8698dd8f3bd42e41f2b58172616139"
}