Bitcoin mining on computer screen. Digital crypto currency, cyber money and digital banking concept … More 3d illustration with glitch effect. getty Tether CEO Paolo Ardoino announced the stablecoin company’s newest focus at the Bitcoin 2025 conference in Las Vegas this week: the company intends to surpass every other bitcoin mining operator by hashrate, the computational power that bitcoin miners use to validate bitcoin transactions.

Ardoino promised the company will invest billions of dollars into the bitcoin mining sector over the next few years. On the Las Vegas main stage this past Thursday, Ardoino remarked that Tether will soon become the "largest bitcoin miner in the world." He went on to explain that profits from the $120 billion USDT reserve will continue to be reinvested “heavily” into bitcoin.

The company currently holds over 100,000 BTC on its balance sheet, acquired using profits beyond its stablecoin reserves. Back in 2023, Tether committed an initial $500 million crypto mining build-out across Uruguay, Paraguay and El Salvador, a program that includes new substations and minority stakes in established mining farms. That round was the first tranche of a “multi-billion” reinvestment pipeline, which has since continued.

Engineering plans now target 450 megawatts of installed capacity by Q4 2025, enough to push the firm toward 1% of global hashrate. This would dramatically increase the company’s influence over the global bitcoin network. Billions In Funding For Tether’s Bitcoin Miners The company’s war chest is substantial, as public filings show Tether’s bitcoin stockpile is worth roughly $10.5 billion at current prices.

Now Ardoino has pledged to continue to direct up to 15% of net realized operating profits toward additional coin purchases and hardware. Locating farms beside hydropower resources in Paraguay, wind in Uruguay, and geothermal energy hotspots in El Salvador, allows Tether to pitch renewable generation to regulators tracking Markets in Crypto-Assets-style sustainability metrics while reducing power-purchase risk. The firm has also diversified through investments in other bitcoin mining companies, such as its $100 million investment into Bitdeer.

Internal projections put Tether’s goal above its main competitors, including Marathon Digital’s reported 25 EH/s and Riot Platforms’ 21 EH/s, shifting the competitive map for public miners that rely on capital markets rather than cash reserves. Tether’s Bullish Bet On Bitcoin Ardoino appears confident in this vision, he told the Vegas bitcoin crowd that “by the end of this year, we may become the largest Bitcoin mining company in the world – surpassing all listed companies.” He confirmed Tether’s rationale for bitcoin mining is routed in its desire to participate actively in the network. Bitcoin mining is our hedging strategy for our own assets.

We are not only holders of Bitcoin, but also participants in network security. We use our computing power to protect the security of this network. The stablecoin issuer, “born from Bitcoin,” believes the top digital asset is “perfect” and that gold is now the “primitive bitcoin.” Ardoino opined, bitcoin is not ‘digital gold’ because gold “does not compete with bitcoin, it competes with fiat currency.” Still, execution questions remain as ASIC supply is tight , vulnerable to hardware supply chain disruptions, and power-purchase agreements in Latin America can be politically fragile.

However, auditors won’t have to consider depreciating miners sitting alongside U.S. Treasuries in the reserve mix, as Tether does not use bitcoin to protect the USDT peg. Instead, the company invests stablecoin profits into bitcoin.