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Tether develops modular bitcoin mining systems with Canaan in latest infrastructure push

The Block
Tether is partnering with Canaan and ACME Swisstech to develop modular, high-performance bitcoin mining hardware to improve industrial efficiency.

Summary

Tether is collaborating with Canaan and ACME Swisstech to shift away from traditional, sealed-box bitcoin mining rigs toward a modular infrastructure design. By separating compute, power, and enclosure components, Tether aims to optimize performance, energy usage, and cooling, specifically utilizing immersion technology. This initiative aligns with CEO Paolo Ardoino's goal of establishing Tether as a dominant force in the global bitcoin mining industry by the end of 2025, complementing their existing investments in mining finance and open-source mining software.

(Source:The Block)