Tether plans main enlargement into BTC mining with $500M funding: Report By Cointelegraph

is planning a large-scale enlargement into (BTC) mining, in line with Paolo Ardoino, who is predicted to take the helm on the firm quickly.

The stablecoin agency could spend round $500 million within the subsequent six months on the development of mining amenities and investments in different miners, Ardoino instructed Bloomberg in an interview. The corporate will construct mining amenities in Uruguay, Paraguay and El Salvador because it grows its computing energy to 1% of the BTC mining community. The brand new websites would have a capability of between 40 and 70 megawatts (MW), he continued.