Tether has partnered with Canaan and ACME to redesign mining hardware, utilizing application-specific hash board modules instead of closed mining devices. The company will integrate these modules into its own control architecture and cooling systems while managing the software stack to coordinate performance and energy consumption.
Tether stated it will "revisit" this concept by launching modular computing that operators can adjust and upgrade. Canaan noted that this collaboration reflects the demand for modular, high-performance hardware in customized deployments. ACME Swisstech indicated that this design will shift from "plug-and-play, retail-oriented products" to industrial systems.
Tether pointed out that the modular design allows operators to replace or upgrade hash boards without needing to change the entire machine. The company expects this design to enhance system availability in large facilities, while independent component control can simplify maintenance cycles.
The announcement also elaborated on how Tether controls hardware, software, and cooling systems within a unified framework, emphasizing a desire for stricter oversight in terms of cost, energy usage, and performance. This effort is seen as part of its broader infrastructure strategy.
Tether's Expansion in Bitcoin Mining and BTC Infrastructure
Tether's prominence primarily stems from its issuance of USDT, the largest stablecoin by market capitalization. However, over the past year, the company has significantly enhanced its presence in the Bitcoin infrastructure space, indicating that mining supports its strategy of directly managing Bitcoin holdings.
Last week, Tether disclosed an 8.2% stake in Antalpha, a mining financing company associated with Bitmain. Earlier this year, the company open-sourced its Bitcoin mining operating system, called MOS, aimed at challenging proprietary mining management platforms.
Ardoino stated that Tether plans to become the world's largest Bitcoin miner by the end of 2025, combining this goal with ensuring and hedging the company's Bitcoin reserves. The latest modular hardware initiative is part of this ongoing plan.