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Tether CEO: By the end of 2025, Tether is expected to become the largest Bitcoin mining enterprise

2025.06.25 20:24:16

On June 25th, according to The Block, Paolo Ardoino, the CEO of Tether, stated in a podcast appearance that by the end of 2025, the company is going to become the largest Bitcoin mining enterprise. It is reported that the team of the stablecoin issuer Tether has less than 200 people. However, in 2024, it generated approximately $13 billion in profit. In recent years, the company has made significant investments and actively entered several other fields, including artificial intelligence, telecommunications, data centers, energy infrastructure, and Bitcoin mining. Ardoino mentioned that Tether's ambition in Bitcoin mining is not only for commercial gain but also more of a strategic fit with its core asset exposure. Ardoino recently disclosed that the company holds more than 100,000 BTC and needs to join a "Bitcoin mining security team" to assist in protecting its over $10 billion Bitcoin investment.
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