Stablecoin Giant Tether Seeks to Be Major Bitcoin Miner, Pledges $500M
Stablecoin giant Tether plans to invest $500 million in Bitcoin mining over the next six months, becoming a major player in the industry....
- Tether Holdings plans to invest $500 million in Bitcoin mining to establish itself as a major player in the industry.
- The strategy includes building mining facilities globally and acquiring stakes in existing mining companies.
- Tether aims to diversify its business operations and extend its influence beyond stablecoin issuance.
- The company previously disclosed its development of mining software and hinted at upcoming expansions.
The article highlights Tether Holdings' ambitious plan to invest $500 million in Bitcoin mining, indicating a positive sentiment towards the company's strategy to establish itself in the industry.