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Paolo Ardoino, the CTO of Tether, posted a picture of large industrial containers sporting the logo of Tether Energy on Aug. 24. The photo sparked a flurry of rumors and speculations which Ardoino addressed in a separate post on X on Aug. 26.
Ardoino’s initial picture started speculations about whether the image was photoshopped, questioning its authenticity. To put the rumors to rest, Ardoino wrote:
Ardoino explained that the initial image portrayed one of the control rooms in one of the many Tether Energy’s Bitcoin mining sites that are “currently being finalized” and will soon start operations.
The site is located in Latin America, although Ardoino declined to provide specific information “to avoid personnel harassment, a valid concern given the amount of detractors obsessed with Tether.” It is possible that Ardoino was talking about Uruguay — the company is building sustainable Bitcoin mining in Uruguay, according to a May 30 Tether announcement.
Ardoino, clarified that the logo of ‘Tether Energy’ was indeed superimposed or photoshopped on the containers as many speculated. Explaining the company’s reasoning behind this move, Ardoino wrote:
Ardoino tried to assure X users that despite the logo being photoshopped, the project is real. Sharing a 3D model of the mining site under construction, Ardoino noted:
Tether Energy was launched by Tether, which mints USDT — the largest stablecoin by market cap, to build sustainable Bitcoin mining centers that run on renewable energy. Tether Energy is partnering with local companies, providing capital and infrastructure support, and general expertise to build these mining sites, Ardoino noted.
Tether Energy is choosing partners with “solid local connections, outstanding and passionate personnel,” and those who have a “deep respect for the environment.” He added:
At present, a major chunk of Bitcoin mining is concentrated in the U.S. Bitcoin mining is an energy-intensive process, accounting for around 60-77% of global electricity consumption by cryptocurrencies.
Posted In: Bitcoin, Mining
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The post Tether CTO clarifies rumors around photo of a container with the ‘Tether Energy’ logo appeared first on Panther AI.
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Ardoino’s initial picture started speculations about whether the image was photoshopped, questioning its authenticity. To put the rumors to rest, Ardoino wrote:
Ardoino explained that the initial image portrayed one of the control rooms in one of the many Tether Energy’s Bitcoin mining sites that are “currently being finalized” and will soon start operations.
The site is located in Latin America, although Ardoino declined to provide specific information “to avoid personnel harassment, a valid concern given the amount of detractors obsessed with Tether.” It is possible that Ardoino was talking about Uruguay — the company is building sustainable Bitcoin mining in Uruguay, according to a May 30 Tether announcement.
Ardoino, clarified that the logo of ‘Tether Energy’ was indeed superimposed or photoshopped on the containers as many speculated. Explaining the company’s reasoning behind this move, Ardoino wrote:
Ardoino tried to assure X users that despite the logo being photoshopped, the project is real. Sharing a 3D model of the mining site under construction, Ardoino noted:
What is Tether Energy?
Tether Energy was launched by Tether, which mints USDT — the largest stablecoin by market cap, to build sustainable Bitcoin mining centers that run on renewable energy. Tether Energy is partnering with local companies, providing capital and infrastructure support, and general expertise to build these mining sites, Ardoino noted.
Tether Energy is choosing partners with “solid local connections, outstanding and passionate personnel,” and those who have a “deep respect for the environment.” He added:
At present, a major chunk of Bitcoin mining is concentrated in the U.S. Bitcoin mining is an energy-intensive process, accounting for around 60-77% of global electricity consumption by cryptocurrencies.
Posted In: Bitcoin, Mining
Source link
The post Tether CTO clarifies rumors around photo of a container with the ‘Tether Energy’ logo appeared first on Panther AI.
Continue reading...