Tether to start Bitcoin mining in Uruguay
Tether, the company that created the very popular USD stablecoin, has announced that it will start producing energy and conducting sustainable Bitcoin mining operations in Uruguay. Tether has partnered with a licensed local company as part of its expansion into the energy industry, with the goal of becoming a global technology leader.
Tether plans to invest in renewable energy sources to support sustainable Bitcoin mining, aiming to minimize the ecological impact while maintaining the security and integrity of the Bitcoin network. Paolo Ardoino, CTO of Tether, stressed the company’s commitment to renewable energy, saying, “Tether is proud to lead a movement that combines cutting-edge technology, sustainable practices, and financial innovation.”
Uruguay is known for its leadership in renewable energy, with 94% of electricity generation coming from sources such as wind and solar power, according to the announcement. Uruguay’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 noted that Uruguay’s robust and reliable grid system 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 tether.recruitee.com/energy on their website.
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