Tether Reveals Bitcoin Mining Expansion with $500 Million Investment

2023-11-21 22:39

Tether plans $500M investment in Bitcoin mining, building facilities in Uruguay, Paraguay, El Salvador to reach 1% of network power.

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investment tether → Результатов: 66


Фото:

Tether plans $500M investment into Bitcoin mining operations

In a significant diversification of its core business of managing the USDT stablecoin, Tether Holdings Ltd. is pivoting a portion of its operations toward Bitcoin (BTC) mining. As reported by Bloomberg, Tether plans to invest approximately half a billion dollars over the next six months, a move that could significantly alter the dynamics of the […] The post Tether plans $500M investment into Bitcoin mining operations appeared first on CryptoSlate.

2023-11-16 19:40


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Tether invests in Northern Data Group, hinting at AI and blockchain synergy

Tether, the company behind the USDT stablecoin, has made a strategic investment in Northern Data Group, a German crypto mining firm. While the exact investment amount remains undisclosed, the move is a significant endorsement of emerging technologies, particularly in the realms of artificial intelligence (AI), peer-to-peer (P2P) communications, and data storage solutions.

2023-9-22 22:05


Tether makes AI foray with huge bet on Cloud GPUs

Tether has made an entry into the AI space with a strategic investment in Bitcoin miner Northern Data. Media reports say Tether purchased 10,000 Nvidia H100 GPUs worth $420 million. Tether, the company behind the $83 billion stablecoin USDT, has marked its foray into the AI tech space with a strategic investment in Europe-based crypto […] The post Tether makes AI foray with huge bet on Cloud GPUs appeared first on CoinJournal.

2023-9-22 18:10


Tether USDT to strengthen reserves with Bitcoin purchase

Stablecoin issuer Tether (USDT) said it would use 15% of its net realized operating profits to purchase Bitcoin (BTC). In a May 17 company statement, the stablecoin issuer said it would self-custody the purchased BTC — adding that its purchase “will focus exclusively on utilizing realized profits from its investment strategy, disregarding unrealized capital gains […] The post Tether USDT to strengthen reserves with Bitcoin purchase appeared first on CryptoSlate.

2023-5-17 16:05


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TMS Network (TMSN) Disrupts Trading Industry with Innovative Ideas, While Tether Emerges as Leading Stablecoin as BTC Faces Rate Fears

Join us as we explore the two players revolutionizing cryptocurrency investment: Tether (USDT) and Bitcoin, and learn about the revolution that TMS Network (TMSN) will bring. We’ll look at what makes each of the two players stand out from the competitors in the crypto industry as they each make waves with their distinctive benefits. Ready […]

2023-3-11 16:00


Tether’s Bank ‘Bought Bitcoin’ for its Clients As Part of Its Investment Portfolio

Bahamas-based Deltec Bank & Trust, which is the banking partner of Tether to hold its reserves, revealed that it has a “large position in bitcoin. ” Chief Investment Officer Hugo Rogers disclosed this during a year-in-review video while explaining its investment portfolio, which also contains gold and other commodities, including the digital asset.

2021-1-15 19:54


Measuring the Rising Institutional Investment in Bitcoin (BTC) Despite Alleged Bitfinex-Tether Scandal

The past month has seen the cryptocurrency market boost in value as Bitcoin and other altcoins grew by double digits over the course of the month. However, the glory seemed short lived when the news on Bitfinex and Tether broke out as the prices halted the majestic rise seen hours before. The markets have since […]

2019-5-16 01:04