Tether, the company behind the hugely popular USD stablecoin, has announced its entry into energy production and sustainable bitcoin mining operations in Uruguay. According to the advertisementTether’s collaboration with a local licensee marks the company’s expansion into the energy sector as part of its goal to become a global leader in technology.
By investing in renewable energy sources, Tether said it aims to support and promote sustainable bitcoin mining, ensuring “a minimal environmental footprint while maintaining the security and integrity of the bitcoin network.” Paolo Ardoino, Chief Technology Officer of Tether, underscored 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 has gained recognition as a leader in renewable energy, with 94% of its electricity generation coming from renewable sources such as wind and solar power according to the announcement. The country’s favorable conditions for renewable energy production, including wind farms, solar parks, and hydroelectric projects, make it an ideal location for Tether’s sustainable mining operations. The company also stated that Uruguay’s robust and reliable network system also ensures efficient and sustainable mining activities.
Tether is actively looking for experts in the energy sector to join its team and contribute to this innovative project. For more information about the Tether Energy Initiative and potential business opportunities, interested individuals can visit their website at tether.recruitee.com/energy.