Tether’s Ambitious Plans to Lead the Bitcoin Mining Sector by 2025
In an exclusive conversation with a prominent cryptocurrency news platform, The Block, Paolo Ardoino, the Chief Executive Officer of Tether, outlined the company’s strategic vision to become the leading Bitcoin miner by 2025. Over recent years, Tether has consistently ranked among the industry’s most profitable entities, channeling significant resources into enhancing its mining operations.
The Potential Rise of Tether in Bitcoin Mining
Ardoino revealed that Tether, known for its USDT stablecoin, has been actively diversifying its investments across several critical sectors. These sectors include artificial intelligence, data centers, telecommunications, and notably, Bitcoin mining. This strategic expansion is designed not only to broaden Tether’s footprint in vital industries but also to amplify its revenue streams. Furthermore, Tether aims to establish itself as a pivotal entity in safeguarding the Bitcoin network.
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According to The Block, Tether has invested a staggering $10 billion in the digital asset sector. By ascending to a leading position in Bitcoin mining, Tether ensures the protection of its substantial investment and fortifies the BTC blockchain against potential threats from malicious entities. Ardoino emphasized:
“I believe it’s apparent that if you possess $1 million and must choose between investing in Bitcoin mining or directly purchasing Bitcoin, the latter typically yields higher returns. However, considering Tether’s extensive exposure to Bitcoin, being integral to network security is crucial. Realistically, by the close of this year, Tether aspires to be the preeminent Bitcoin miner globally.”
Obstacles on the Path to Dominance
Tether faces numerous hurdles in its quest to dominate the Bitcoin mining landscape. The industry is fiercely competitive, with key players such as Marathon Digital Holdings, Riot Platforms, and CleanSpark collectively controlling approximately 30% of the BTC hashrate.
As of June 2025, the total Bitcoin hashrate stands at around 810 EH/s. However, reports suggest that Tether has yet to reveal its exact share of the BTC hashrate, complicating assessments of its competitive position. Despite this, Tether has committed billions to upgrading its mining infrastructure, leveraging strong partnerships with Latin American governments in countries such as El Salvador, Uruguay, and Paraguay, where it operates over 15 facilities.
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