Tether plans major expansion into BTC mining with $500M investment: Report By Cointelegraph
[ad_1]
© Reuters.
is planning a large-scale expansion into (BTC) mining, according to Paolo Ardoino, who is expected to take the helm at the company soon.
The stablecoin firm may spend around $500 million in the next six months on the construction of mining facilities and investments in other miners, Ardoino told Bloomberg in an interview. The company will build mining facilities in Uruguay, Paraguay and El Salvador as it grows its computing power to 1% of the BTC mining network. The new sites would have a capacity of between 40 and 70 megawatts (MW), he continued.
Continue Reading on Cointelegraph
[ad_2]
Source link
© Reuters.
is planning a large-scale expansion into (BTC) mining, according to Paolo Ardoino, who is expected to take the helm at the company soon.
The stablecoin firm may spend around $500 million in the next six months on the construction of mining facilities and investments in other miners, Ardoino told Bloomberg in an interview. The company will build mining facilities in Uruguay, Paraguay and El Salvador as it grows its computing power to 1% of the BTC mining network. The new sites would have a capacity of between 40 and 70 megawatts (MW), he continued.
Continue Reading on Cointelegraph
About The Author
