TechFlow news, according to Bloomberg, stablecoin issuer Tether plans to invest $500 million over the next six months to become one of the world's largest Bitcoin mining companies. Tether CEO Paolo Ardoino said the company will build mining facilities in Uruguay, Paraguay, and El Salvador within the next six months, aiming to increase its share of Bitcoin network hashrate to 1%.
Ardoino revealed that Tether has allocated $150 million for directly participating in mining opportunities and expects its power generation capacity to reach 450 megawatts by the end of 2025. Tether emphasized that mining is a business that requires continuous learning and growth.
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