Tether intends to invest in environmentally friendly bitcoin mining in Uruguay – Bits Media

Tether's largest issuer stabilcoins announced plans to invest in mining capacities in the territory of the South American Uruguis.

Tether representatives admitted, that they plan to provide financial resources to a local licensed company to create sources of renewable energy and infrastructure for mining bitcoins with zero carbon emission.

“Uruguay offers ideal conditions for the production of renewable energy, contributing to the creation of winding power plants, solar parks and hydropower projects, guaranteeing miners stable supply of ecologically clean energy ", - says in the announcement of Tether.

Tether did not confess the press, which Uruguayan company became a project partner.

Earlier, Tether's leadership said, which intends to invest monthly in bitcoins before 15% net profit - with the aim of diversifying insurance reserves. According to reports, The company has already invested in BTC about $1,5 billion.