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Tether aims to become the largest bitcoin miner in the world by the end of 2025
Tether's CEO, Paolo Ardoino, made a bold statement, announcing that the company owns over 100,000 bitcoins (BTC) and approximately 50 tons of gold. This once again highlights the ambition of the company's strategy, which is no longer limited to just the issuance of the USDT stablecoin — now Tether is actively advancing into the field of cryptocurrency mining.
According to Ardoino, by the end of 2025, Tether intends to become the largest bitcoin miner in the world. This means not only increasing its own hash rate but also significant investments in energy infrastructure and technologies related to cryptocurrency mining.
The company has already announced the launch of several mining farms in North and South America, as well as in some regions of Europe, focusing on the use of renewable energy sources. This approach not only aligns with global trends of sustainability but also allows for cost reduction in the long term.
Investments in Bitcoin and gold, according to Tether's management, are part of a diversified reserve backing strategy that adds stability to the company and strengthens trust in its core product — USDT.
The announcement of Tether was another signal that major players in the crypto market not only continue to accumulate BTC, but are also actively involved in the formation of a new financial infrastructure. If the company manages to implement its plans, it could significantly change the balance of power in the global mining industry.