According to Foresight News, citing The Block, Tether CEO Paolo Ardoino stated in a podcast that by the end of 2025, the company will become the largest Bitcoin mining enterprise. The Tether stablecoin issuer's team of less than 200 people created approximately $13 billion in profits in 2024. Ardoino said that Tether's Bitcoin mining ambitions are not driven by commercial returns, but are more strategically aligned with its core asset exposure. Ardoino recently disclosed that the company holds over 100,000 BTC and needs to join the "Bitcoin mining security team" to help protect its Bitcoin investment of over $10 billion.
Tether CEO: The company may become the largest Bitcoin mining company by the end of 2025
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