Tether Doubles Down on Decentralized Bitcoin Mining with OCEAN

The company announced it will deploy both its current and future hashrate to OCEAN. OCEAN is a Bitcoin mining pool launched by longtime Bitcoin Core developer Luke Dashjr.

Crypto mining company, Tether, has announced plans to deploy some of its hashrate to Bitcoin (BTC) mining pool, OCEAN. The move is in line with Tether’s broader mission to support decentralization, transparency, and resilience in Bitcoin mining and the broader network.

OCEAN is a Bitcoin mining pool launched by longtime Bitcoin Core developer, Luke Dashjr. The pool uses the open-source DATUM protocol, which allows miners to create their own block templates. This eliminates the need for middlemen, increases transparency, and strengthens Bitcoin’s defenses against censorship.

To facilitate high-performance mining, especially in places with weak internet connections, OCEAN provides the DATUM Gateway software, which Tether will be using.

“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,” said Paolo Ardoino, CEO of Tether.

“Deploying hashrate to OCEAN aligns with both our mining investments and our broader mission to fortify Bitcoin against centralizing forces.”

Tether will be deploying hashrate and connecting thousands of rigs with low latency for optimal performance. The company’s involvement in the partnership is a testament to the increasing interest in decentralized mining protocols.

“Tether’s decision to mine on OCEAN follows months of deep technical evaluation, where we found the DATUM protocol to be the software stack most aligned with Bitcoin’s decentralization ethos,” said Giv Zanganeh, VP of Mining & Energy at Tether.

“We are pleased to join forces with OCEAN to further our shared commitment to a more open and accessible cryptocurrency ecosystem.”

OCEAN is known for its focus on decentralization and community involvement. The pool's Chairman and CTO, Luke Dashjr, expressed enthusiasm for Tether's participation.

“We're delighted to welcome Tether to the OCEAN community,” said Dashjr.

“Their involvement is a strong signal that decentralization remains a core priority for Bitcoin's future, and their participation will help to amplify the value of open, censorship-resistant mining protocols.”

Earlier this year, Tether partnered with Quidax to launch a cryptocurrency education campaign in Nigeria and other African countries. The goal of the campaign is to provide people with the tools they need to understand cryptocurrency and how to use it to build a better future.

The partnership is part of Tether's broader initiative to support financial inclusion and literacy in emerging markets.

"We are committed to supporting the long-term health and stability of the Bitcoin ecosystem," said Ardoino.

"We believe that cryptocurrencies have the potential to transform the financial system and create a more equal and just world."

The move comes as Tether continues to expand its footprint in the cryptocurrency market. The company recently launched a new stablecoin pegged to the British pound sterling.

Tether is also a major investor in Bitcoin mining. The company has been snapping up mining hardware and setting up new mining facilities in recent months.

The partnership with OCEAN is a natural progression of Tether's involvement in the Bitcoin mining industry. The company is well-positioned to play a key role in supporting the decentralization and security of the Bitcoin network.

The partnership will see Tether deploy a portion of its hashrate to OCEAN, while also integrating the DATUM Gateway software across its mining operations worldwide.

This will enable Tether to mine Bitcoin with optimal performance, even in remote or underserved regions, such as parts of Africa, where internet connectivity can be weak.

OCEAN will provide seamless integration for Tether's vast mining network, handling thousands of rig connections with minimal latency.

The partnership is a win-win for both parties and will help to further the common goal of a decentralized and secure Bitcoin network.

The post Tether to Deploy Hashrate on OCEAN, Advancing Decentralized Bitcoin Mining Infrastructure appeared first on CCNR.

As a startup founded in 2015, Tether is a technology company that creates and maintains stablecoins, including the Tether token (USDT). Operating in the blockchain and cryptocurrency space, Tether is a subsidiary of iFinex, an open-source technology company.

In addition to stablecoins, Tether is also involved in other blockchain projects, such as the development of a decentralized exchange. The company is committed to innovation and collaboration in the cryptocurrency industry.

Tether is a member of several industry associations, including the American Banker Association and the Chamber of Commerce, and participates in relevant government and industry initiatives. The company is also a signatory to the United Nations' Sustainable Development Goals.

Tether's mission is to support a more decentralized, transparent, and resilient financial system. The company's vision is to create a world where everyone has access to the financial services and opportunities they need to live a fulfilling life.

Tether's values are innovation, collaboration, and integrity. The company is constantly striving to develop new products and services that meet