Tether's CTO Paolo Ardoino posted a photo of large industrial containers bearing the Tether Energy logo on 24 August. The photo sparked a series of rumours and speculation, which Ardoino addressed in a separate post on X on 26 August. To put an end to the rumours, Ardoino posted the following: "Is the photo real? Yes." Ardoino explained that the first image depicts one of the control rooms at one of Tether Energy's many Bitcoin mining sites that are "currently being finalised" and will soon be operational.
Ardoino explained that the 'Tether Energy' logo was indeed photoshopped onto the containers. Explaining the rationale behind the company's move, Ardoino said, "We thought the photo would be shared in newspapers, so the team wanted to brand it. And that's exactly what actually happened. Moreover, putting huge Tether logos would not be very good for the physical privacy of the site." Ardoino assured X users that the project is real, even though the logo is photoshopped. Sharing a 3D model of the mine site under construction, Ardoino noted:
"Does that [photoshopping] make it less real? No, it doesn't. This is really happening. The site is progressing well, everyone on the team is very excited and working day and night to start operations in the next few weeks."
What is Tether Energy?
Tether Energy was launched by Tether, the issuer of USDT, the largest stablecoin by market cap, to build sustainable Bitcoin mining centres powered by renewable energy. Ardoino stated that Tether Energy is partnering with local companies, providing capital and infrastructure support, and providing general expertise to build these mining facilities, Cryptoslate reported.