Tether CTO: Tether's Bitcoin mining facility in Latin America is set to begin operations in a few weeks

ChainCatcher news, Tether's Chief Technology Officer Paolo Ardoino stated on social media that Tether's Bitcoin mining facility in Latin America is set to begin operations in a few weeks, but the specific location cannot be disclosed to avoid disturbances; the site is progressing well, and team members are working day and night.

In addition, Tether launched the "Tether Energy" program a few months ago and is partnering with companies around the world to provide support such as funding, infrastructure, development, and general expertise to build renewable energy production and Bitcoin mining facilities. Tether believes that Bitcoin mining must be geographically decentralized as much as possible, with the goal of reducing the current high concentration in specific countries.