Tether will be the largest Bitcoin miner in the world before closing the year, says Paolo Ardoino

The firm behind the USDT Plan to position yourself in the first position of global mining BTC, This as part of a strategy to protect your huge reservation in the digital currency.

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• Tether It has already invested more than USD $ 2 billion in mining infrastructure in Latin America.
  
• The company considers to participate in network security Bitcoin.
  
• I could overcome companies such as Mara and Riot held by mining this year.

Tether, The stablecoin broadcast company USDT, It could become the largest Bitcoin miner in the world before the end of 2025, according to recent statements of his CEO, Paolo Ardoino.

In an interview for Pódcast The Block’s Big BrainArdoino explained that this mining ambition responds more to a strategic need than to a motivation of direct profitability. The firm has revealed that it currently has more than 100,000 BTC, which is equivalent to more than USD $ 10,000 million in market value, and seeks to protect this reservation with an active participation in the network.

Diversification beyond the stablecoin

Although it is known for its stablecoin USDT, Tether It has aggressively diversified its operations since 2023. In 2024, the firm with less than 200 employees generated an approximately USD $ 13,000 million, which has allowed it to finance investments in sectors such as artificial intelligence, telecommunications, data centers, energy infrastructure and Bitcoin mining.

According to Ardoino, Tether It has already invested more than USD $ 2 billion in energy and mining infrastructure. This expansion includes 15 sites distributed in Uruguay, Paraguay and El Salvador, with projects covered by electrical substations, renewable energy developments and minority participation in already operational mining farms.

The first section of this strategy was USD $ 500 million in 2023, as part of an expansion plan for several years. Ardoino said the goal is to be aligned with the ecosystem Bitcoin which supports your business model.

Ardoino was clear to indicate that, for an average investor, buy Bitcoin It is directly more profitable than participating in mining. “If you have USD $ 1 million, you would always make more money buying bitcoin than investing in mining ”he said. However, for Tether, The situation is different.

The company considers that it must be part of the “Security team” of the Bitcoin Network to ensure its multimillionaire exposure to the asset. From its perspective, direct participation in mining is a logical extension of its responsibility with the stability of the ecosystem.

“In a very realistic way, by the end of this year, Tether will be the largest Bitcoin miner,” The CEO said.

Is it feasible to reach current leaders?

Although Tether He has not yet publicly revealed the processing power that contributes to the Bitcoin Network currently, the objective that has arisen is ambitious. The main mining companies of BTC By hashrate today include:

• Digital Holdings Marathon (Mara): 57.3 eh/s
• CleansPark: 50 eh/s
• Iren: 38.4 eh/s
• Riot Platforms: 33.7 eh/s
• Core Scientific: 19,1 eh/s

Together, the Bitcoin network operates with a total of approximately 810 eh/s, according to recent estimates.

So that Tether manages to overcome a Mara, It would have to display a substantial infrastructure in a matter of months. Although no precise details are known about progress in each of its mining sites, investments and commitment seem to indicate that the company takes it seriously.

Latin America, the epicenter of the mining strategy

The countries chosen by Tether For their operations —Uruguay, Paraguay and El Salvador – offer favorable conditions in terms of renewable energy, operational costs and regulatory frameworks with cryptocurrencies.

El Salvador, in particular, has been a key ally for the crypto ecosystem since Bitcoin adopted as legal tender in 2021. Tether He has collaborated with the Central American country on several fronts, which reinforces its influence in the region.

This expansion is also aligned with a broader tendency to relocate mining power, which has historically been concentrated in China and the United States.

Article written by a content editor. Edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, created with artificial intelligence, for free use, licensed under public domain

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