Sign In with Google
Sign In with Facebook
Tether CTO Responds to Online Speculations
Paolo Ardoino, the Chief Technology Officer at Tether (USDT), a major stablecoin issuer, has recently stepped forward to clear the air on speculations surrounding certain images of industrial containers surfacing online. These rumors sparked discussions whether Tether is involved in mining Bitcoin (BTC).
Unveiling the Mystery behind the Ambiguous Images
On the 26th of August, using X (previously referred to as Twitter), Ardoino took it upon himself to explain an intriguing image he posted two days prior. The picture in conversation showed an industrial container, intriguingly emblazoned with a digitally edited Tether Energy emblem, leading to several raised eyebrows and inquiries.
Highlighting the specifics, Ardoino explained that the image portrays the command center of a Bitcoin mining facility which is presently in the concluding stages. Tether is expected to launch its operations at this site soon.
Ardoino Shields Information for Security Reasons
Ardoino was adamant about keeping the location undisclosed, despite the numerous queries about the site's whereabouts. While he did divulge that the facility is situated somewhere in the South American continent, he chose to forgo providing explicit details, attributing it to safety considerations.
Reacting to the wave of skepticism surrounding Tether, Ardoino said: “The location is somewhere in LATAM. The reluctance to divulge more details stems from avoiding possible harassment of our staff, a plausible worry considering the number of factions at odds with Tether.”
Understanding the Reasoning behind the Logo
Addressing doubts about the photoshopped logo, Ardoino said it was an intentional move. “Given the likelihood of the image being shared by various news outlets, we felt the need to brand it,” said Ardoino. However, he was quick to point out that physically branding the mining site would pose a threat to their security.
Anticipated Launch of the Mining Operation
Ardoino looks forward to launching the site's operations sometime next month. “The team is highly driven, closely monitoring the ongoing progress, aiming to kickstart operations in the upcoming weeks,” announced Ardoino.
Tether’s Commitment to Transparency in Bitcoin Mining
In the backdrop, Tether is creating a software that is expected to bring forth increased transparency in the ambiguous sphere of Bitcoin mining. This software promises to provide a detailed insight into the energy production at Bitcoin mining sites.
Stressing the importance of analytics and assessment in Bitcoin mining, he expressed belief that Moria will play a crucial role in evaluating the facility's performance as well as the neighbouring environment.
