- Tether deploys Bitcoin mining power to OCEAN, embracing decentralized infrastructure and censorship resistance.
- The integration of the DATUM protocol enables reliable mining operations even in regions with poor internet connectivity.
- Tether invests in African education programs, aiming to expand digital asset literacy and crypto adoption.
Tether announced plans to deploy both current and future Bitcoin mining power to OCEAN, a decentralized mining pool developed by Bitcoin Core contributor Luke Dashjr. Meanwhile, the move is part of Tether’s growing focus on strengthening Bitcoin’s network resilience by supporting decentralized infrastructure.
OCEAN relies on the use of open source software including the DATUM protocol which allows miners to build their own block templates. This method reduces the need for such intermediaries, such as centralized mining intermediaries, and increases resistance against censorship. Tether will use OCEAN’s DATUM Gateway across its global mining operations, including in regions with limited internet connectivity.
Paolo Ardoino, CEO of Tether, said:
“As a company committed to financial freedom and open access, we see supporting decentralization in Bitcoin mining as essential to the network’s long-term integrity.”
OCEAN Mining to Expand Tether’s Energy Reach
Tether plans to integrate OCEAN’s mining stack into its Tether Energy initiative, which focuses on linking distributed energy sources to mining activities. This includes mining in rural areas, particularly in regions like Africa, where internet infrastructure is less reliable. The DATUM Gateway is designed to ensure high performance even in low-bandwidth environments.
Giv Zanganeh, VP of Mining & Energy at Tether, said, “We believe the DATUM protocol is the software stack most aligned with Bitcoin’s decentralization ethos.” He added that Tether’s evaluation of OCEAN was technical and thorough, aiming to support a reliable and distributed mining network.
OCEAN’s leadership also responded to the announcement. Luke Dashjr commented:
“Tether’s involvement is a strong signal that decentralization remains a core priority for Bitcoin’s future.”
Mark Artymko, OCEAN’s President, said that both companies share a belief in supporting financial access through technology.
Tether Broadens Bitcoin and Energy Strategy
Tether has been expanding its role beyond stablecoins into energy and mining. The company’s mining operations are growing globally, with a special focus on underserved areas. Tether’s aim is to bring more geographic diversity and reduce central points of failure in Bitcoin mining.
As part of this plan, Tether is combining technical mining infrastructure with educational efforts. The company has invested in digital asset literacy programs in Nigeria and other African countries, working with Quidax to promote understanding of crypto tools. These programs are meant to support wider adoption and digital resilience across the continent.
US Stablecoin Strategy Still in Progress
Additionally, the latest mining announcement follows recent reports that Tether is planning a new stablecoin aimed at the U.S. market. This is where a different market need makes way for a unique approach according to CEO Paolo Ardoino.
Consequently, the new product could be designed with the U.S. regulations and user demands in mind but has not yet unveiled an official launch date. Tether’s current stablecoin, USDT, remains the most used in the world. However, the company’s focus is on supporting global finance in underbanked skip areas through mining, education, and energy.
