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Stablecoin issuer Tether said it is working with Canaan (NASDAQ: CAN) and ACME Swisstech to enable Bitcoin mining, aiming to improve efficiency by reducing energy use while maximizing performance.
In a note from Tether, the company described a “modular” approach intended to be independently optimized without requiring a complete infrastructure rebuild. Tether criticized traditional Bitcoin mining as inefficient, pointing to hardware that it described as “fixed, monolithic units” in which performance, cooling, and upgrade cycles are tightly coupled.
Under the new approach, Tether said systems would be optimized based on real-time operating conditions. Paolo Ardoino, CEO of Tether, said traditional mining is “sealed,” which he described as making it more expensive.
“Tether is revising that concept by deploying modular compute that can be tuned, upgraded, and cooled independently, so we can directly control cost, efficiency, and how these systems perform at scale.”
Tether also said that, yesterday, it announced a new mining infrastructure called the Mining Development Kit (MDK). Tether described MDK as an open-source development framework designed to provide Bitcoin mining operators and developers with unified control over their entire infrastructure stack.
Before MDK, Tether said it open-sourced its Mining OS (MOS), a mining operating system that coordinates hardware, energy, and operational data within a unified system.
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