Tether CTO stays silent on Bitcoin mining locations
Paolo Ardoino, chief technology officof stablecoin issuer Tether (USDT), recently found himself addressing rumors about edited images of large containers online. These speculations led him to rejecting questions about where Tether is mining Bitcoin (BTC).
In a post on X (formerly known as Twitter) published on Aug. 26, Ardoino shed light on the curiosity sparked by the photo he shared on Aug. 24. The image displayed a container with a photoshopped Tether Energy logo, leaving many people pondering over what it's all about.
One of #Tether energy production and #Bitcoin mining sites coming along well. pic.twitter.com/6Z8o6A5OaE
He clarified that the photo shows a control room at a Bitcoin mining site that Tether is currently completing and will soon begin operations at.
However, Ardoino firmly stated he will not disclose the location, responding to numerous users who have inquired about it.
While he did mention that the site is in Latin America, he added no further details due to security reasons
“Where? In LATAM. We tend to not share exact locations to avoid personnel harassment, a valid concern given the amount of detractors obsessed with Tether,” he declared, admitting that it has led to many Tether skeptics questioning its legitimacy:
He addressed doubters who were curious about the photoshopped Tether logo appearing on the containers, explaining that it was a deliberate media decision.
“We thought that the photo would have been shared on newspapers so the team wanted to brand it,” he noted, returning back to security reasons once more:
“Moreover, putting gigantic Tether logos would not be great from physical privacy of the site point of view.”
He anticipates operations to commence sometime in September.
“The site is
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