Tether CTO: Tether Bitcoin mine is located in Latin America and plans to operate within a few weeks
2023/08/26 14:45
On August 26th, Tether's Chief Technology Officer, Paolo Ardoino, posted an image with the words "Tether Energy" and a caption stating that the progress of Tether's energy production and Bitcoin mining farm is going smoothly. The community questioned the authenticity of the image, suspecting it was digitally manipulated.
Today, Paolo Ardoino responded by saying that the Bitcoin mining farm shown in the picture is real and located in Latin America, but the specific location cannot be disclosed to avoid disturbance. The site is progressing well, and team members are working day and night to begin operations in the coming weeks.
He added that Tether launched the "Tether Energy" program several months ago and is partnering with companies around the world to provide funding, infrastructure, development, and general expertise to build renewable energy production and Bitcoin mining farms. Tether believes that Bitcoin mining must be geographically dispersed as much as possible, with the goal of reducing the current high concentration in specific countries.
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