Bitcoin Mining Has Just been Invested by Tether and Bitfinex, Promising A Bright Future Soon
On February 13, Paolo Ardoino, CTO of Tether and Bitfinex, has announced that “Tether and Bitfinex have been investing in Bitcoin mining recently.”
Furthermore, he revealed on Twitter that the firm’s Bitcoin mining strategy is to “ensure enough geographical and political diversity as a priority VS 1/2 cent electricity.”
“Cheap electricity can create concentration. Good for companies, not necessarily the best for BTC,” he added.
In the future, these 2 firms will work with local entities and focus on mining infrastructure that is “sustainable and can produce wealth that can be reinvested in the community,” according to Paolo’s statement.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Hazel
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Bitcoin Mining Has Just been Invested by Tether and Bitfinex, Promising A Bright Future Soon
On February 13, Paolo Ardoino, CTO of Tether and Bitfinex, has announced that “Tether and Bitfinex have been investing in Bitcoin mining recently.”
Furthermore, he revealed on Twitter that the firm’s Bitcoin mining strategy is to “ensure enough geographical and political diversity as a priority VS 1/2 cent electricity.”
“Cheap electricity can create concentration. Good for companies, not necessarily the best for BTC,” he added.
In the future, these 2 firms will work with local entities and focus on mining infrastructure that is “sustainable and can produce wealth that can be reinvested in the community,” according to Paolo’s statement.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Hazel
CoinCu News
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