Tether’s Bold Play: Aiming to Become the World’s Largest Bitcoin Miner This Year
2025-07-09 10:59:55
Main Idea
Tether CEO Paolo Ardoino announced the company's goal to become the world's largest Bitcoin miner by 2025, while also expanding its reserve strategy to include significant gold holdings.
Key Points
1. Tether aims to become the largest Bitcoin miner globally by the end of 2025.
2. The company recently open-sourced its Bitcoin Mining OS (MOS), described as scalable and modular, to help more firms compete in securing the Bitcoin network.
3. Tether partnered with Ocean mining pool to decentralize block production.
4. Tether holds approximately $8 billion in gold, which makes up nearly 5% of its $112 billion reserves.
5. Gold reserves are on par with UBS’s precious-metals holdings and are stored in what Ardoino calls 'the most secure vault in the world.'
Description
Tether CEO Paolo Ardoino revealed that the company is on track to become “probably the biggest miner in the world” by the end of 2025. Ardoino acknowledged that, in most cases, direct BTC investment yields higher profits than mining, but emphasized Tether’s strategic choice to participate in mining to protect its treasury and support Bitcoin’s network security. Bitcoin Mining Supremacy In a recent interview with Bankless, Ardoino explained that the stablecoin issuer already holds significant Bit...
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