With global green initiatives at the forefront, Tether’s partnership to invest $1 billion in green mining infrastructure in El Salvador creates a historic correlation to sustainability. The firm expects to have the world’s largest Bitcoin mining operation by year’s end. This investment should send a shockwave through the public relations fabric of the cryptocurrency mining world.

Tether CEO Paolo Ardoino recently stated his intention to deploy 450 MW of mining capacity by year-end. The company’s goal is to capture 1% of the global hashrate. With a commitment to green mining infrastructure, Tether is working to maximize its mining potential while minimizing its effects on the environment.

Tether’s smart partnerships with other firms are set to bring in hundreds of millions of dollars and advanced capital into the mining space. Based on these collaborations, we estimate that these interventions combined might add 5-10 EH/s to the global hashrate, greatly influencing the network’s overall processing power. The company’s move would complement El Salvador’s cryptocurrency initiatives to become a regional center for crypto-tech innovations.

"Also lots of small/mid sized businesses that produce their electricity (solar, …) will soon start mining with the excess. MOS will make their life easier." - Paolo Ardoino

This investment significantly bolsters Tether’s mining power. It’s another way to get more of the smaller businesses into the game by allowing them to use their own energy production for mining. As it stands, this initiative has the potential to help democratize access to Bitcoin mining. It directly encourages sustainable practices throughout the industry.