According to the businessman, participation in the Bitcoin mining, in addition to making a profit, is important as a strategic step to protect the company’s investment portfolio and security of the network.
“Tether has about 100,000 BTC. Since this is a major investment, we believe that it should be part of the mining sphere in order to protect our investments in a certain sense. If you have $ 1 million, and you are thinking where to invest it, buying bitcoins will be more profitable. But it is more important for us to be part of this system, ”said Ardoino.
According to him, Tether invests funds in different areas, including Web3, AI and other sectors. In particular, he mentioned the Rumble platform and the ADECOAGRO agro -industrial company.
Tether does not disclose the hashrate indicators of his equipment. Since 2023, the company has invested more than $ 2 billion in mining and energy in Latin America. In total, 15 sites operate in Uruguay, Paraguay and Salvador, including the construction of substations, the launch of facilities at renewable energy sources and Tether shared participation in existing farms.
Earlier, Paolo Ardoino said that in the fourth quarter the company will open the source code of its operating system for Bitcoin mining (MOS).
Source: Bits
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