Tether to Deploy Hashrate on OCEAN to Boost Decentralized Bitcoin Mining
hive-167922·@uyobong·
0.000 HBDTether to Deploy Hashrate on OCEAN to Boost Decentralized Bitcoin Mining
<div class="text-justify"> <em><b>KEY FACTS</b>: Tether announced on April 14, 2025, that it will deploy its Bitcoin mining hashrate to OCEAN, a decentralized mining pool founded by Bitcoin Core developer Luke Dashjr, to enhance Bitcoin’s decentralization and resilience. Tether is leveraging its Tether Energy project, which operates mining facilities in Uruguay, Paraguay, and El Salvador, to empower miners with greater control over block-building through OCEAN’s open-source DATUM protocol. </em> ___  <em>Source: Tether Blog</em> ___ # Tether to Deploy Hashrate on OCEAN to Boost Decentralized Bitcoin Mining Tether, the world’s largest stablecoin issuer, announced on April 14, 2025, that it will deploy its existing and future Bitcoin mining hashrate to OCEAN, a decentralized mining pool founded by Bitcoin Core developer Luke Dashjr. This partnership aims to reduce reliance on centralized intermediaries in Bitcoin’s block-building process, reinforcing the network’s core principles of transparency, autonomy, and censorship resistance. The initiative is also geared towards supporting Bitcoin’s long-term integrity while expanding its mining operations, particularly in regions like Africa. Bitcoin mining, the process of validating transactions and securing the network through computational power, has long faced scrutiny over centralization risks. While Bitcoin’s hashrate, that is, the total computational power dedicated to mining, is distributed globally, the block-building process, where miners select and organize transactions into blocks, is often controlled by a handful of dominant mining pools. Industry leaders like Foundry USA, AntPool, and ViaBTC have historically held significant influence, raising concerns about potential vulnerabilities, including censorship or manipulation of transactions. Tether’s decision to direct its hashrate to OCEAN addresses these concerns head-on. OCEAN, launched in November 2023, is a non-custodial mining pool designed to empower miners with greater autonomy. Unlike traditional pools, OCEAN leverages its open-source Decentralized Autonomous Template Unified Model (DATUM) protocol, which allows miners to construct their block templates without relying on centralized control points. This approach ensures miners have more control over transaction selection, fostering a more open and censorship-resistant mining ecosystem. Paolo Ardoino, Tether’s CEO, said in a statement: > “Tether’s commitment to deploying hashrate to OCEAN aligns with both our mining investments and our broader mission to fortify Bitcoin against centralizing forces,..By supporting infrastructure that contributes to the base layer’s durability, we see decentralization in Bitcoin mining as essential to the network’s long-term integrity.” The deployment will integrate Tether’s mining operations through its Tether Energy project, which focuses on connecting distributed energy resources to Bitcoin mining networks. Tether currently operates mining facilities in Uruguay, Paraguay, and El Salvador, where the company is headquartered, and has plans to expand further, particularly in Africa. Tether aims to enhance the accessibility and efficiency of decentralized mining in underserved areas by embedding DATUM Gateway software into its operations, including remote sites in African regions. Africa, which accounts for approximately 3% of global Bitcoin mining hashrate, has seen growing interest in cryptocurrency mining as a tool for economic development and energy infrastructure growth. Countries like Ethiopia and Kenya have invested heavily in renewable energy-powered mining, with Ethiopia alone contributing about 2.5% of global hashrate in 2024. Tether’s initiative could further catalyze these efforts, providing both technological support and liquidity to local mining operations. The integration of DATUM Gateway into Tether’s African strategy is particularly noteworthy. This open-source software enables miners to operate in low-latency environments, making it feasible to mine Bitcoin in regions with limited internet connectivity. By decentralizing block template creation, Tether’s move could empower small-scale miners in Africa and beyond, reducing barriers to entry and promoting a more inclusive mining ecosystem. Tether’s partnership with OCEAN is a strategy to deepen its engagement with Bitcoin’s ecosystem. The company has made significant investments in Bitcoin over the past year, including the acquisition of 8,888 BTC in early April 2025, valued at approximately $735 million. This purchase brought Tether’s total Bitcoin holdings to $7.8 billion, making it one of the largest corporate holders of the cryptocurrency. Tether has committed to allocating 15% of its profits to long-term Bitcoin accumulation, signaling confidence in the asset’s role as a store of value and a hedge against centralized financial systems. Beyond reserves, Tether has diversified its portfolio through investments in mining operations and related infrastructure. The company plans to spend around $500 million by the end of 2025 to expand its mining facilities and acquire stakes in existing firms. Its legal action against Swan Bitcoin in January 2025, stemming from a dispute over their joint mining venture, underscores Tether’s aggressive push to secure its position in the industry. Tether’s support for OCEAN also comes at a critical time for the mining pool. Despite its innovative approach, OCEAN’s hashrate has lagged behind larger competitors, recording 18.3 exahashes per second (EH/s) in the 24 hours prior to the announcement. Tether’s contribution is expected to provide a substantial boost, potentially attracting more miners to the pool and amplifying its impact on Bitcoin’s decentralization. The announcement has sparked optimism among Bitcoin advocates, who see Tether’s move as a step toward a more resilient and equitable network. Tether’s decision to deploy hashrate to OCEAN marks a pivotal moment for the company and the Bitcoin ecosystem. By championing decentralized mining infrastructure, Tether is not only reinforcing its role as a major player in cryptocurrency but also setting a precedent for how stablecoin issuers can contribute to the core principles of blockchain technology. As the initiative unfolds, its success will hinge on Tether’s ability to execute its vision across diverse regions and attract broader participation from the mining community. <hr> <hr> <b>Information Sources:</b> - [Tether blog](https://tether.io/news/tether-to-deploy-hashrate-on-ocean-advancing-decentralized-bitcoin-mining-infrastructure/) - [Cointelegraph](https://cointelegraph.com/news/tether-partners-ocean-mining-pool-make-bitcoin-more-decentralized) - [Ocean Mining/ X](https://x.com/ocean_mining/status/1911774879008927944) <hr>  ___ _If you found the article interesting or helpful, please hit the upvote button and share for visibility to other hive friends to see. More importantly, drop a comment below. 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