Tether CEO Paolo Ardoino announced the company plans to become the world's largest Bitcoin miner by the end of 2025, backed by over $2 billion invested in mining infrastructure since 2023. This strategic move aims to safeguard Tether's 100,000+ BTC treasury holdings while expanding its influence in cryptocurrency infrastructure.
Ardoino emphasized that Tether's mining expansion will enhance Bitcoin network security, leveraging the company's financial strength after reporting a $13.7 billion profit in 2024, which is projected to increase in 2025. He also revealed that nearly all major commodities traders are now engaging with Tether, presenting significant growth opportunities beyond mining.
The CEO further highlighted Tether's role in reinforcing US dollar hegemony globally through USDT, noting stablecoins have become critical tools in global finance. Despite these ambitions, Ardoino confirmed Tether has no plans to go public, prioritizing independence and its current operational structure.