Tether CEO: "Cash is imperfect, but Bitcoin is perfect" declares the aim to become the world's largest Mining company.

Table of Contents* 1. Emphasizing Bitcoin as an "Asset Superior to Gold"

• 2. Tether's strategy towards becoming the world's largest Bitcoin miner

• 2.1. Construction of large-scale mining hubs in South America
• 2.2. Equipment Expansion through Investment and Partnerships
• 2.3. Renewable Energy Strategy and the Growth of USDT

Emphasizing Bitcoin as a "Superior Asset to Gold"

On May 29, 2025, Paolo Ardoino, CEO of Tether, the company that issues the stablecoin USDT, revealed that the company aims to become the world's largest Bitcoin miner within the year.

He expressed strong confidence at the Bitcoin conference held in Las Vegas, USA, stating that "it is no longer a realistic goal for Tether to become the world's largest Bitcoin miner by the end of the year."

He also stated that "Gold is imperfect, but Bitcoin is perfect," emphasizing Tether's strong performance and deep commitment to Bitcoin.

He also stated, "Last year, we recorded a net profit of about 13 billion dollars (approximately 1.9 trillion yen), and currently manage roughly 120 billion dollars (approximately 17.3 trillion yen) in U.S. treasury bonds," revealing that the company holds over 100,000 BTC in Bitcoin and more than 50 tons of gold.

Mr. Aldoino explains the reason why the company, which already boasts a sufficient amount of Bitcoin holdings, is venturing into the mining business: "Tether is seriously supporting Bitcoin and is working on mining to help maintain the stability of the network."

Tether's Strategy for Becoming the World's Largest Bitcoin Miner

Construction of large-scale mining facilities in South America

Tether has recently launched a series of large-scale investments and energy strategies in the Bitcoin mining sector.

In May 2023, a Bitcoin mining business utilizing renewable energy was launched in Uruguay, and in November of the same year, Tether announced plans to invest approximately $500 million (about 72 billion yen) over six months to aim for becoming one of the world's largest mining companies.

Aldoino's CEO himself stated at the time that "the mining business is a field that grows cautiously while gaining experience, and there is no intention to rush to become number one in the world," expressing his intention to gradually expand the business in various countries.

Equipment expansion through investment and partnership

To support such capital investments, we have formed a strategic partnership with the Germany-based Bitcoin mining company Northern Data and provided a credit line of approximately $610 million (about ¥87.8 billion).

Furthermore, in June 2024, it was announced that up to $150 million (approximately 21.6 billion yen) would be invested in the major mining company Bitdeer to strengthen the partnership through equity acquisition.

Renewable Energy Strategy and the Growth of USDT

In its energy strategy, a new division "Tether Energy" has been established to focus on the development of renewable energy, and in Uruguay, a mining facility powered by wind and hydropower, which accounts for over 98% of the electricity generation, has been put into operation.

The CEO of Aldoino stated, "By leveraging the power of Bitcoin and Uruguay's renewable energy capabilities, Tether is leading the way towards sustainable and responsible Bitcoin mining," emphasizing the commitment to balancing environmental sustainability with network integrity.

These mining and energy strategies have resulted in Tether's stablecoin "USDT" reaching an all-time high issuance balance of $152 billion (approximately 21.6 trillion yen), and the entry into Bitcoin mining is positioned not merely as a means of expanding revenue sources but as a strategy that leads to the strengthening and decentralization of the entire company ecosystem.

The CEO of Aldoino's belief that "Bitcoin is more perfect than gold" and his vision to aim for the world's largest mining company have garnered significant attention from the financial and cryptocurrency industries, with future developments being closely watched from around the globe.

• The price is converted at the rate at the time of writing ($ 1 = 143.90 yen)

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Source：Bitcoion 2025

Writing and Translation: BITTIMES Editorial Department

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