Tether, the company renowned for powering the world’s foremost stablecoin, announced today its ambitious venture into energy production and sustainable Bitcoin mining in Uruguay. The company is expanding its portfolio to include the energy sector, signaling its firm commitment towards energy innovation and the future of cryptocurrency.
This initiative will be implemented in collaboration with a local licensed company in Uruguay. This strategic decision underpins Tether’s aspiration to be a global tech leader, extending its influence beyond the realms of finance and communication.
In light of this announcement, Tether is recruiting experts in the energy sector to bolster its team. The company’s endeavor into renewable energy sources aims to support sustainable Bitcoin mining, thereby contributing towards a secure and robust monetary network globally.
Paolo Ardoino, CTO of Tether, emphasized Tether’s dedication to sustainable…
