Tether moves into Bitcoin mining in Uruguay By Cointelegraph

Stablecoin issuer has announced it will be launching mining operations in Uruguay.

In a May 30 announcement, Tether said it planned to start a mining arm in the South American nation “in collaboration with a local licensed company” in addition to investing in Uruguay’s energy production. The stablecoin issuer claimed the venture would utilize renewable energy sources aimed at “sustainable” Bitcoin (BTC) mining and planned to hire additional team members.