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Tether releases open-source mining software for Bitcoin

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Tether releases open-source mining software for Bitcoin

Tether has open-sourced its Bitcoin mining operating system, aiming to make mining operations easier and more accessible for operators of all sizes.

Summary

  • Tether released its Mining OS under an open-source license.
  • The software supports both home and industrial mining setups.
  • The move reduces reliance on paid management platforms.

The announcement was made by Tether chief executive officer Paolo Ardoino on Feb. 3, who said the company’s Mining OS is now fully open source.

In a post on X, Ardoino described the software as a modular platform designed to support operations across multiple locations, with encrypted peer-to-peer networking and broad hardware compatibility.

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Open-source platform targets small and large miners

The software, officially known as MiningOS or MOS, was unveiled as open source during the Plan ₿ Forum in San Salvador on Feb. 2. It is designed to manage and automate Bitcoin (BTC) mining infrastructure through a single interface.

MOS allows operators to monitor hardware performance, energy usage, cooling systems, and site operations from one dashboard. Its modular design lets users customize features through independent components linked by a shared system.

Unlike many commercial mining tools, MOS runs locally and does not rely on centralized servers. It uses peer-to-peer networking technology to enable direct communication between devices, which Tether says improves reliability and privacy.

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The platform has been released under the Apache 2.0 license, meaning it can be used, modified, and distributed freely. It is built to run on lightweight devices for small setups, while also supporting large-scale deployments with thousands of machines.

Tether (USDT) is also preparing a companion Mining SDK, which will allow developers to build custom tools and extensions on top of the system. The company said the framework will be finalized with input from the open-source community.

Part of Tether’s broader Bitcoin strategy

By open-sourcing MOS, Tether is seeking to reduce reliance on proprietary mining software such as Hive OS and Foreman, which often charge recurring fees. The company says this approach can help smaller operators compete more effectively with large public mining firms.

The move fits into Tether’s wider involvement in Bitcoin infrastructure. The business has expanded its role in network support and backed mining projects that prioritize operational efficiency and renewable energy in recent years. 

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Although Tether scaled back some mining operations in late 2025 due to rising energy costs, the MOS release is focused on software development rather than hardware ownership. The company has framed the project as a long-term investment in decentralized infrastructure.

Additionally, Tether’s direct exposure to Bitcoin has been growing. In addition to traditional holdings, it has treated Bitcoin as a strategic reserve by allocating a portion of its profits to its acquisitions since 2023. As of early 2026, Tether held about 96,185 BTC, valued at more than $8 billion at the time, placing it among the largest corporate Bitcoin holders globally. 

The open-source release may promote greater industry cooperation regarding mining tools and standards. At a time when mining costs and network complexity are still high, widespread adoption of MOS could help simplify operations and reduce entry barriers.

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Solana (SOL) Plunges Below $100, Bitcoin (BTC) Recovers From 15-Month Low: Market Watch

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BTCUSD Feb 4. Source: TradingView


Meanwhile, HASH and HYPE have declined the most over the past 24 hours after charting impressive gains lately.

Bitcoin’s adverse price actions as of late worsened yesterday when the asset tumbled to its lowest positions since early November 2024 at $73,000 before recovering by a few grand.

Most altcoins followed suit with enhanced volatility, but some, such as SOL, HYPE, and CC, have been hit harder than others.

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BTC’s Latest Rollercoaster

It was just a week ago when the primary cryptocurrency challenged the $90,000 resistance ahead of the first FOMC meeting for the year. After it became official that the Fed won’t cut the rates again, BTC remained sluggish at first but started to decline in the following hours.

The escalating tension in the Middle East was also blamed for another crash that took place on Thursday when bitcoin plunged to $81,000. It bounced off to $84,000 on Friday but tumbled once again on Saturday, this time to under $75,000. Another recovery attempt followed on Monday, only to be rejected at $79,000.

Tuesday brought the latest crash, this time to a 15-month low of $73,000. It has rebounded since then to just over $76,000, but it’s still 3% down on the day. Moreover, it has lost 14% of its value weekly and a whopping 18% monthly.

Its market capitalization has plummeted to $1.525 trillion on CG, while its dominance over the alts has declined to 57.3%.

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BTCUSD Feb 4. Source: TradingView
BTCUSD Feb 4. Source: TradingView

SOL Below $100

Most larger-cap altcoins have felt the consequences of the violent market crash lately. Ethereum went from over $3,000 to $2,100 in the span of a week, before bouncing to $2,280 as of now. BNB is down to $760, while SOL has plummeted to under $100 after a 7% daily decline.

Even the recent high-flyer HYPE has retraced hard daily. The token is down by 11% to $33. CC and ZEC are also deep in the red, while XMR has gained the most from the larger caps.

The cumulative market cap of all crypto assets has seen more than $70 billion erased in a day and is down to $2.65 trillion on CG.

Cryptocurrency Market Overview Feb 4. Source: QuantifyCrypto
Cryptocurrency Market Overview Feb 4. Source: QuantifyCrypto

 

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Pumpfun Unveils Investment Arm and $3 Million Hackathon

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Pumpfun Unveils Investment Arm and $3 Million Hackathon


PUMP rallied as much as 10% but erased its gains as crypto markets dipped.

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Spot Bitcoin ETF AUM Hits Lowest Level Since April 2025

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Spot Bitcoin ETF AUM Hits Lowest Level Since April 2025

Assets in spot Bitcoin (BTC) ETFs slipped below $100 billion on Tuesday following a fresh $272 million in outflows.

According to data from SoSoValue, the move marked the first time spot Bitcoin ETF assets under management have fallen below that level since April 2025, after peaking at about $168 billion in October

The drop came amid a broader crypto market sell-off, with Bitcoin sliding below $74,000 on Tuesday. The global cryptocurrency market capitalization fell from $3.11 trillion to $2.64 trillion over the past week, according to CoinGecko.

Altcoin funds secure modest inflows

The latest outflows from spot Bitcoin ETFs followed a brief rebound in flows on Monday, when the products attracted $562 million in net inflows.

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Still, Bitcoin funds resumed losses on Tuesday, pushing year-to-date outflows to almost $1.3 billion, coming in line with ongoing market volatility.

Spot Bitcoin ETF flows since Jan. 26, 2026. Source: SoSoValue

By contrast, ETFs tracking altcoins such as Ether (ETH), XRP (XRP) and Solana (SOL) recorded modest inflows of $14 million, $19.6 million and $1.2 million, respectively.

Is institutional adoption moving beyond ETFs?

The ongoing sell-off in Bitcoin ETFs comes as BTC trades below the ETF creation cost basis of $84,000, suggesting new ETF shares are being issued at a loss and placing pressure on fund flows.

Market observers say that the slump is unlikely to trigger further mass sell-offs in ETFs.

“My guess is vast majority of assets in spot BTC ETFs stay put regardless,” ETF analyst Nate Geraci wrote on X on Monday.

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Source: Nate Geraci

Thomas Restout, CEO of institutional liquidity provider B2C2, echoed the sentiment, noting that institutional ETF investors are generally resilient. Still, he hinted that a shift toward onchain trading may be underway.

Related: VistaShares launches Treasury ETF with options-based Bitcoin exposure

“The benefit of institutions coming in and buying ETFs is they’re far more resilient. They will sit on their views and positions for longer,” Restout said in a Rulematch Spot On podcast on Monday.

“I think the next level of transformation is institutions actually trading crypto, rather than just using securitized ETFs. We’re expecting the next wave of institutions to be the ones trading the underlying assets directly,” he noted.