Tether, the issuer of the USDT stablecoin, is actively expanding its presence in the Bitcoin mining sector and may achieve the status of the largest miner in the world by the end of 2025. This was stated by Tether’s CEO Paolo Ardoino in an interview on the podcast The Big Brain for The Block.
This is reported by Finway
Tether’s Investments in Mining and New Technologies
According to Ardoino, the company has earned over $20 billion in the past few years, of which approximately $14 billion or slightly more has been directed towards funding various projects. Tether’s investment areas include not only Web3 but also artificial intelligence, energy, agribusiness, and other sectors of the economy. Tether has also invested in companies such as the video platform Rumble and the agribusiness firm Adecoagro.
“In the last two or three years, Tether has earned over $20 billion. […] Of that, about $14 billion or slightly more has been allocated to funding various projects.”
The company pays particular attention to investments in the Bitcoin mining sector. For example, Tether previously invested $32 million in the mining company Bitdeer, and this is not the only similar project in the firm’s portfolio.
Scale of Mining Operations and Environmental Approach
Paolo Ardoino also reported that Tether owns approximately 100,000 BTC. According to him, the company views participation in the mining industry as a way to protect its investments and be a systemic player in the digital asset market. He explained that for Tether, it is important not only to preserve capital in Bitcoin but also to directly influence the development of the industry.
“Tether has about 100,000 BTC. Since this is a significant investment, we believe we should be part of the mining sector to protect our investments in a certain sense. […] If you have $1 million and are considering where to invest it, buying Bitcoin would be more profitable. But for us, it is more important to be part of this system,” Ardoino stated.
Although Ardoino did not disclose the current hash rate or computational power volumes of the company, it is known that Tether already has at least 15 mining facilities in various countries, including Uruguay, Paraguay, and El Salvador.
Additionally, the company is actively investing in “green” energy, which is one of the four main development directions for Tether, alongside stable money, communications, and intelligent technologies.
During the interview, Ardoino also shared his vision for the company’s future strategy: from the implementation of USDT to the prospects of entering the gold market and adapting to changes in the regulatory environment.