Tether is integrated into the Bitcoin Ocean mining pool to expand operations

As part of the alliance, Tether It will allocate the processing power it generates to support mining operations Bitcoin of Ocean, Mining Group created by developer Luke Dashjr.

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• Tether It reinforces its commitment to the mining sector with a new technical alliance.
  
• It will allocate part of its resources to support the mining group Bitcoin Ocean.
• To do this, it will deploy the protocol Datum in rural regions of the world.
  
• The company plans to invest USD $ 500 million in mining until 2025.

Tether, The company behind the stablecoin with the greatest market capitalization in the world, announced that it will join Ocean, the mining pool created by the veteran developer of Bitcoin CoreLuke Dashjr, for which he will allocate his current mining capacity and additional resources to support the operations of the mining group.

The alliance marks a new step in the strategy of Tether for deeply integrating into the ecosystem of Bitcoin, Not only as an asset holder, but as a relevant actor in his network at the level of technical and energy support.

A strategic investment to ensure the future of Bitcoin

Tether He has shown a growing interest in the mining sector since 2023. His participation in Ocean It adds to an ambitious road map: allocate approximately USD $ 500 million to build new mining farm and acquire participation in existing companies by 2025.

In an official statement, Tether He explained that all his mining infrastructure will connect to the protocol Datum gateway, developed by Dashjr. This system allows the generation of unique blocks of blocks on site, adding connections of thousands of machines with low latency, something crucial to maintain competitiveness in a global environment.

In addition, the company plans to display this technology in rural and unattended areas of the world, such as regions of Africa, where traditional connectivity is usually limited.

Ocean: Decentralization and technical controversy

Ocean It was launched in November 2023 and is distinguished by operating as a decentralized pool and without custody. Its open architecture aims to solve concentration problems in the mining industry, something that historically has worried developers and users of Bitcoin.

The pool uses Datum, A protocol specifically designed to operate in contexts of low latency and physical decentralization. This infrastructure seeks to provide technical autonomy to mining operators in diverse geographies, from Latin America to Africa.

However, the creator of Ocean, Luke Dashjr, is not exempt from controversies. Recognized for its technical profile, it has also generated rejection for its conservative positions around the development of Bitcoin. It openly opposes functions such as “Ordinals”, that allow to create NFTS natives on the network, and has tried to filter those transactions from the pool that will now use Tether.

TETER, STABLECINS AND ACUMULATION OF BTC

The mining expansion of Tether It occurs in parallel with its financial growth. In 2024, the firm generated profits for USD $ 13,000 million thanks to the performance of assets that support its stablecoin USDT, today with a total circulation greater than USD $ 144,000 million.

Besides, Tether has increased its direct exposure to Bitcoin. So far this year, he acquired 8,888 BTC additional, reaching total value valued at USD $ 7.8 billion. This figure makes the company one of the largest holders of Bitcoin globally.

Its mining operations are not new: since 2023, Tether He has invested in projects in El Salvador, Paraguay and Uruguay, seeking to capitalize areas with hydroelectric energy or mining incentives.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, created with artificial intelligence, for free use, licensed under public domain.

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