News/Tether Launches Bitcoin Mining Operations in Uruguay

Tether Launches Bitcoin Mining Operations in Uruguay

May 30,2023,21:09

Tether announced it is investing in renewable energy sources to support and promote sustainable Bitcoin mining. The $USDT issuer launched Bitcoin mining operations in Uruguay, in collaboration with a local licensed company.

Paolo Ardoino, CTO of Tether, said, "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." According to Tether, Uruguay is a global leader in renewable energy, achieving 94% of electricity generation from renewable sources, predominantly wind and solar power.

 

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