Tether sets sights on becoming the largest bitcoin miner this year

In the latest episode of The Block's Big Brain podcast, Tether CEO Paolo Ardoino said the firm "will become the biggest bitcoin miner out there" by the end of 2025 to help secure its more than 100,000 BTC holdings.

He argues Tether's mining push is less about commercial profit opportunities and more about protecting its $10 billion bitcoin investment by contributing to network security.

Despite the bold claim, Tether has not disclosed its hashrate, making comparisons with current top 50 EH/s+ bitcoin miners, like MARA and CleanSpark, difficult.

Nevertheless, Tether has invested over $2 billion into energy infrastructure and bitcoin mining across Latin America since 2023, so it's certainly putting its money where its mouth is.

Meanwhile, Ardoino also claimed that the Tether-backed brain-computer interface firm Blackrock Neurotech is "much more advanced" than Elon Musk's Neuralink.