Tether plans to invest approximately $500 million in Bitcoin mining over the next six months,
According to Bloomberg's report, Tether Holdings Ltd. is taking steps to become one of the world's top Bitcoin miners. The company's incoming CEO, Paolo Ardoino, stated in an interview that the company plans to invest approximately $500 million over the next six months to achieve this goal by building its own mining facilities and investing in other companies. This investment includes a portion of the $610 million credit arrangement provided by Tether to the Bitcoin mining company Northern Data AG, which went public this month. Tether also acquired shares of Northern Data AG in September.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Justin Sun Highlights the Promising Future of JST Token Through JustLend
In Brief Justin Sun sees great potential for JST tokens through JustLend's growth. Buyback and token burn strategies aim to enhance JST's market value. Investors are advised to analyze TRON's evolving landscape cautiously.

The Melania team used a fixed investment strategy to sell 3.19 million MELANIA
Matrixport: New capital inflows indicate that Bitcoin is expected to break through $100,000
Bitcoin's 10% Surge Sparks Optimism for SUI, AVAX, TRUMP, and TAO

Trending news
MoreCrypto prices
More








