Tether’s chief technology officer, Paolo Ardoino, hinted that the company’s Bitcoin mining operations are located in Latin America but refused to disclose any further details. He mentioned that the site is somewhere in South America but cited security concerns as the reason for not revealing the exact location. In response to Tether skeptics, Ardoino explained that the logo seen in photos of the mining containers was intentionally added for media purposes. He emphasized that displaying Tether logos at the mining sites would compromise security and privacy. The operations are expected to begin in September. Tether is also developing mining software to improve transparency in Bitcoin mining locations.
AI Sentiment: Neutral