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Stablecoin giant Tether to mine bitcoin in Uruguay using renewable energy
Cryptocurrency giant Tether is setting up a bitcoin mining operation in Uruguay using renewable energy, as the company looks to diversify the revenue mix to support its USDT stablecoin. The company said Tuesday that it plans to invest its resources into renewable energy production, marking its first foray into the energy sector. Tether is also on the hunt for “experts in the area” to support its expansion into the renewable energy space, it said. Mining bitcoin is notoriously power-intensive, relying on a distributed network of computers around the world to verify that transactions are legitimate and release new ... (full story)