Tether aims to become global leader in Bitcoin mining by the end of 2025
- Tether aims to be the largest Bitcoin miner by 2025
- Company has already invested more than US$ 2 billion in mining
- Over 100.000 BTC are part of Tether's treasury
Tether, the issuer of the USDT stablecoin, has revealed ambitious plans to become the world's largest bitcoin miner by the end of 2025, according to CEO Paolo Ardoino. In recent statement , he highlighted that this initiative aims to protect the more than 100.000 BTC already accumulated on the company's balance sheet.
“Realistically, by the end of this year, Tether will become the biggest bitcoin miner out there,” CEO Paolo Ardoino said on The Block's Big Brain podcast. pic.twitter.com/Oi3NG4mD1Y
— James Hunt (@humanjets) June 25, 2025
The company, which reported approximately $13 billion in profits in 2024 with a lean team of less than 200 employees, has aggressively expanded its operations beyond cryptocurrencies, with significant investments in sectors such as artificial intelligence, telecommunications, data centers, energy infrastructure and bitcoin mining.
Ardoino stated that the decision to enter mining is not focused exclusively on financial returns, but rather on strengthening the security of the network to which it is heavily exposed. “I think it is clear that if you have US$1 million and need to decide where to invest it, whether in bitcoin mining or directly buying bitcoin, you will always make more money buying bitcoin directly,” explained the executive. Still, he added: “In our case, I think that, given the exposure we have to bitcoin, it is important to be part of the security of the network.”
Despite the lack of public data on its hash rate, Tether has already allocated over $2 billion to mining and energy projects since 2023. These investments include 15 locations in Latin America, including Uruguay, Paraguay and El Salvador, with the construction of substations, renewable energy and minority acquisitions in existing mining operations. The first tranche, of US$ 500 million, was invested at the end of 2023.
Currently, the leaders in computational power in the industry include MARA (57,3 EH/s), CleanSpark (50 EH/s), IREN (38,4 EH/s), Riot Platforms (33,7 EH/s), and Core Scientific (19,1 EH/s), with the Bitcoin network operating at around 810 EH/s in total.
According to Ardoino, mining is aligned with an internal concept of “stable energy,” one of Tether’s four strategic pillars — alongside stable money, communication and intelligence — aimed at ensuring long-term social and technological resilience.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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