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Tether’s Bold Play: Aiming to Become the World’s Largest Bitcoin Miner This Year
In a recent statement, Paolo Ardoino, CEO of Tether (USDT), announced that the company is on track to become “probably the biggest miner in the world” by the end of 2025. This bold play marks a significant shift in the company’s strategy, as they plan to contribute significantly to Bitcoin’s network security through their mining operations.
Ardoino emphasized Tether’s strategic decision to participate in mining, not only for financial gains but also to protect its treasury and support the overall decentralization of the Bitcoin network. The CEO highlighted the importance of maintaining a strong mining presence in regions such as South America and the United States during this “monumental time” for the industry.
The company’s ambitious plan is part of its broader efforts to promote decentralization, having recently announced plans to open-source their Bitcoin Mining OS (MOS) by the fourth quarter of 2025. This move aims to help new miners enter the market without relying on costly vendors. The decentralized platform will be designed to support existing infrastructure such as containers and power devices, making it easier for other companies to secure the network.
In addition to this, Tether has also partnered with Ocean mining pool to decentralize block building by committing its current and future hash rate to the protocol. This move will further solidify their position in the market and drive innovation.
On a related note, Ardoino revealed that the company holds approximately $8 billion in gold reserves, equivalent to around 80 tonnes, stored in a Swiss vault considered “the most secure vault in the world”. Tether owns nearly the entire stockpile, making it one of the largest private gold holders globally.
Source: cryptopotato.com
