Tether Joins Bitcoin Core Developer’s OCEAN Mining Pool

Tether, the company behind the USDT stablecoin, will connect its current and future Bitcoin hashrate to the OCEAN mining pool, launched by Bitcoin Core developer Luke Dashjr.

Tether to Deploy Hashrate on OCEAN, Advancing Decentralized Bitcoin Mining Infrastructure
Learn more: https://t.co/QVzLawzvwK

— Tether (@Tether_to) April 14, 2025

According to the statement, OCEAN allows miners to create their own block templates using the open-source DATUM protocol. This solution reduces reliance on centralized intermediaries and enhances the first cryptocurrency’s blockchain resilience against censorship.

“As a company committed to financial freedom and open access, we believe supporting decentralization in Bitcoin mining is essential for the network’s long-term integrity,” said Tether CEO Paolo Ardoino.

The firm will deploy the DATUM gateway at all its cryptocurrency mining facilities, including those located in Africa.

Tether’s Vice President of Mining and Energy, Give Zanganeh, emphasized that the protocol’s architecture enables reliable connectivity even in regions with low internet bandwidth. This allows for expanded reach and increased resilience of Bitcoin’s infrastructure, the manager stated.

Dashjr is known as a staunch opponent of Ordinals and BRC-20 tokens. He believes these assets contribute to spam in the first cryptocurrency’s network. However, OCEAN leaves it to users to decide whether to process blocks with such non-financial transactions.

As part of business reorganization in 2024, Tether established a separate division—Tether Power—focused on developing sustainable mining and energy infrastructure based on Bitcoin.

Back in November 2023, the company announced a $500 million investment in mining the first cryptocurrency.

Tether participated in the initial funding round of the Volcano Energy project for mining digital gold in El Salvador using the volcano’s geothermal energy, amounting to $1 billion. The firm also invested $100 million in Jihan Wu’s Bitdeer.

Earlier, the joint venture for mining digital gold with financial crypto company Swan Bitcoin ended for Tether in a court case.