Emma Chen
The Stablecoin Giant's Mining Bet
Tether, the company behind the world's largest stablecoin USDT, has announced a staggering $1 billion investment to become the largest corporate Bitcoin miner in the world. The initiative, revealed at Bitcoin Miami 2025, will deploy over 100,000 next-generation ASIC miners across facilities in Paraguay, El Salvador, and Texas. CEO Paolo Ardoino stated that Tether will use 100% renewable energy for all mining operations, leveraging Paraguay's abundant hydroelectric power and El Salvador's geothermal resources. The company expects to achieve 10 EH/s (exahashes per second) of mining power by Q3 2026, representing approximately 2% of global Bitcoin hashrate. According to CoinDesk, this makes Tether the largest corporate Bitcoin mining operation, surpassing Marathon Digital and Riot Platforms combined.
Strategic Diversification
The mining venture represents Tether's strategic diversification beyond stablecoins as regulatory scrutiny intensifies. With over $100 billion in USDT market cap and billions in quarterly profits from Treasury holdings, Tether has the financial muscle to dominate any market it enters. The company will hold all mined Bitcoin on its balance sheet, adding to its existing 75,000 BTC holdings worth over $7.5 billion at current prices. Industry analysts see this as a hedge against potential stablecoin regulations while creating a new revenue stream. As reported by Bloomberg Crypto, Bitcoin mining revenue could add $500 million annually to Tether's bottom line. The move has sent ASIC manufacturer stocks surging, with Bitmain reportedly securing a $300 million order from Tether for its latest S21 Pro miners.
