Tether, the operator of the largest USDT stablecoin, is planning a significant investment in mining equipment and companies – totaling $500 million in the next six months
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According to Tether CTO Paolo Ardoino, some of that money will be allocated to Northern Data Group as part of a $610 million credit facility. Tether to buy back some shares in German mining firm. This will allow Tether to take up about 1% of the total hashrate of the Bitcoin network
Isla MacKenzie covers Web3 culture, NFTs and the metaverse from Edinburgh. A former product writer at Sky and CodeBase, she has been on the BTCNews team since 2022 and runs our weekly Creators newsletter. Isla studied Digital Humanities at the University of Edinburgh and was named one of CityAM's '30 Under 30 in Crypto' in 2024. She writes about culture without losing sight of the underlying tech.
