Tether Partners with Swan to Expand Bitcoin Mining Operations

Stablecoin issuer Tether has expanded its mining business through a partnership with Swan's Bitcoin mining management service. According to a news statement, the company has invested heavily in establishing its Bitcoin mining business through Swan, with the specific amount not disclosed. Swan's Bitcoin mining management service allows institutional investors to invest at least $100 million into the Bitcoin mining ecosystem. Through this service, the company plans to provide customized mining services based on the specific needs of its clients.