Tether CTO Paolo Ardoino says they are currently testing Bitcoin mining. Revealed in a Tweet, the Bitcoin Mining Platform Moria, is said to “facilitate seamless communication among components within the BTC mining ecosystem, enabling interactions through efficient, secure, and resilient methods that are resistant to attacks and cost-effective. It will be eventually extended to cover also energy production monitoring.”
Testing @Tether_to Moria #bitcoin mining platform with first containers and miners.
All PDU management, interaction with miners (set frequency, power, etc) is now fully controlled by the software.
All write actions require multisig approval.
All P2P. Perfect for #IoT .
— Paolo Ardoino 🍐 (@paoloardoino) September 16, 2023
Moira is created using Tether’s in-house technology – Holepunch.
Ardoino has stated in the past their intent to invest in more Bitcoin-focused technology. Bitcoin is the most popular crypto in the world and, at least in the US, is not regulated as a security and deemed to be sufficiently decentralized.