Tether Partners with Canaan to Develop Modular Bitcoin Mining Infrastructure

Gate News message, April 28 — Tether is developing a new class of modular bitcoin mining infrastructure in partnership with Canaan and ACME Swisstech, aiming to assert greater control over cost, energy efficiency, and performance at industrial scale. The new systems are built around application-specific hash board modules rather than fully assembled mining rigs, with Tether integrating these components into its own control architecture, thermal management systems, and software stack.

Unlike traditional sealed, fixed-unit mining hardware, Tether's design separates compute, power, and enclosure so each piece can be optimized independently. Combined with immersion cooling, this modular approach is intended to reduce energy overhead, improve efficiency, and increase system availability. CEO Paolo Ardoino stated in the announcement that Tether is "revisiting" the conventional sealed-box model with modular compute that can be tuned, upgraded, and cooled independently. Canaan emphasized rising demand for modular, high-performance hardware that can be integrated into custom systems, while ACME highlighted the shift away from "plug-and-play, retail-oriented products" toward industrial-grade design.

The partnership represents the latest step in Tether's broader push into bitcoin infrastructure. Last week, Tether disclosed an 8.2% stake in Antalpha, a mining finance firm linked to Bitmain. Earlier this year, the company open-sourced its Bitcoin Mining OS (MOS) to challenge proprietary mining software. In December, Northern Data, backed by Tether, sold its Peak Mining arm to entities run by Ardoino and co-founder Giancarlo Devasini. Ardoino previously stated Tether aims to become the world's largest bitcoin miner by the end of 2025.