Tether CTO Hesitates As He Reveals Bitcoin Mining Locations
- Tether CTO Paolo Ardoino declined to disclose the location of the company's new Bitcoin mining site.
- Images of the control room of the new site have been released, which according to Ardoino will be operational in a few weeks.
- The image consisted of multiple containers with Photoshop logos of the stablecoin issuer on them.
- Ardoino said the Bitcoin mining site has a presence in Latin America but did not disclose the exact location.
Stablecoin issuer Tether's head of technology, Paolo Ardoino, was faced with rumors about the company's Bitcoin mining operations and where the operations were taking place. Interestingly, the executive remained silent when asked about the locations of the farms, but he did leave some hints about them. Images of large containers branded with the company logo retouched with Photoshop also circulated online.
A photo was posted by the Tether executive on Aug. 26 on his official account on social media platform X (formerly known as Twitter), which gave rise to rumors about the company's Bitcoin mining operations and whereabouts. Interestingly, the image consisted of multiple containers with stablecoin issuer Photoshop logos on them, and Ardoino left the crypto community to ponder the details of the image.
One of #Tether energy production and #Bitcoin mining sites coming along well. pic.twitter.com/6Z8o6A5OaE
— Paolo Ardoino 🍐 (@paoloardoino) August 24, 2023
In a subsequent post, Tether's CTO confirmed that the image indeed shows the control room of one of the company's new Bitcoin mining sites and that construction is currently underway. Ardoino said his company will begin operations soon once the facility is completed. Interestingly, numerous users questioned the location of the mining farm and the CTO firmly stated that he would not reveal the location of the Bitcoin mining facilities.
However, he claimed that the Bitcoin mining farm could be located on the continent of South America, but said nothing more, disappointing his followers. "Where? In Latin America. We tend not to share exact locations to avoid harassment of staff, a legitimate concern given the amount of haters obsessed with Tether," the executive said, noting that there have been speculations that the mining site of Bitcoin is not real.
Ardoino also confirmed that “the construction site is going well; everyone in the team is super excited and working around the clock to start operations over the next few weeks.