Tether to invest billions of dollars in Bitcoin mining…“Aiming to become the world’s largest miner”

Stablecoin issuer Tether has announced plans to invest billions of dollars into the Bitcoin (BTC) mining industry over the next several years.

According to a report by Forbes on the 30th (local time), Paolo Ardoino, CEO of Tether, stated in his keynote speech at the 'Bitcoin 2025' conference held in Las Vegas, USA, that "Tether will soon become the world’s largest Bitcoin mining company." He emphasized, "We are continually reinvesting profits generated from net operating income—not USDT reserves—into Bitcoin."

Tether currently holds over 100,000 Bitcoins, which is worth about $10.5 billion at market value. The company also plans to reinvest up to 15% of its net profits into additional Bitcoin acquisitions and the procurement of mining equipment.

Previously, in 2023, Tether announced a $500 million plan to build mining infrastructure in countries such as Uruguay, Paraguay, and El Salvador. This plan is now resulting in the development of new mining facilities on the scale of several gigawatts. These projects are operated using eco-friendly energy sources like hydro, wind, and geothermal power, and aim to meet sustainability standards in line with the European Union's MiCA regulations.

Tether is also making strategic investments in companies such as Bitdeer, with goals to secure 450MW of power capacity by the fourth quarter of this year, aiming to account for 1% of the global hashrate. This figure surpasses listed mining companies such as Marathon Digital Holdings (25 EH/s) and Riot Platforms (21 EH/s).

CEO Ardoino stated, “Bitcoin is a perfect digital asset, and mining is our hedge strategy for these assets. We are not only holders, but also participants contributing to the security of the network.”

Meanwhile, hashrate refers to the total computational power used by the entire network to mine Bitcoin.