After announcing its plan to invest 15% of profits into bitcoin, the company Tether Limited has taken another step toward its crypto goals. Tether, the stablecoin issuer, has revealed its latest venture: “sustainable bitcoin mining operations in Uruguay.”

Tether has partnered with a licensed local company to make this happen, as it believes Uruguay is the ideal location for bitcoin mining production.

Tether’s Bitcoin Mining Operations Take Root in Uruguay

Tether, the issuer of the largest stablecoin in terms of market capitalization, said it is gearing up to invest in energy production resources and establish sustainable bitcoin (BTC) mining operations in Uruguay.

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