🔹 Tether, the issuer of the largest stablecoin USDT, has announced an ambitious plan: to become the top Bitcoin miner by 2025. CEO Paolo Ardoino claims the goal isn’t just mining itself, but primarily strengthening the security of the Bitcoin network.
🔹 Although Tether has not disclosed its total hash rate, it has been investing in energy infrastructure in Uruguay, Paraguay, and El Salvador. The company also holds undisclosed stakes in various mining firms.
From Whale to Miner?
Tether is already among the largest “whales,” holding over 100,000 BTC as a long-term reserve. Now the company plans to take the next step—actively contributing to network security through its own mining operations.
In the Big Brain podcast, Ardoino said that while Tether hasn't yet built large-scale mining facilities, its involvement in the Bitcoin ecosystem makes this a natural progression. He believes Tether will become the largest BTC miner by the end of this year.
“If you have a million dollars, it’s always more profitable to just buy Bitcoin than to invest in mining. But in our case, given how exposed we are to Bitcoin, it's important to be part of the network’s security,” Ardoino said.
Tether Turns to Ocean Pool
Tether plans to focus its mining activities primarily in Ocean Pool, a relatively small mining pool currently operating at around 9.6 EH/s. In comparison, industry leaders like Mara Holdings and CleanSpark operate with more than 57 EH/s.
Ocean Pool stands out for offering fee-free access and supports direct, decentralized payouts for all participants. If Tether is serious about becoming a major mining force, we may soon see Ocean Pool’s hash rate climb.
Bitcoin Network Shifts – Tether May Seize the Moment
Recently, the Bitcoin network’s hash rate dropped to a six-month low of approximately 700 EH/s. This translates into lower network difficulty and easier mining conditions—just as BTC has recovered to over $107,000, keeping block production profitable for most miners.
Today, most miners pool their resources—solo operations are increasingly rare.
Tether Won’t Go Public, But It’s Betting on Mining
Although Tether has accumulated large amounts of BTC over the years, it has never positioned itself as a treasury-style company. It also denied rumors of going public or tying the value of its shares to Bitcoin.
Earlier this year, Tether announced plans to allocate another $500 million to Bitcoin mining. So far, however, its known wallets show no clear signs of incoming BTC from mining activities—raising questions about the current scale of its operations.
Conclusion: Tether Sets Its Sights High – But Can It Deliver?
Tether wants to be a major player in Bitcoin mining. Yet it remains unclear whether it has the capacity to compete with established miners running tens of EH/s. If Tether fulfills its vision, it could dramatically reshape the mining landscape while reinforcing its role as a Bitcoin network protector.
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