Tether CEO says the firm could become the largest Bitcoin miner by year-end

Tether CEO Paolo Ardoino has stated during The Block's Big Brain podcast that the firm could become the largest Bitcoin (BTC) miner by the end of the year. Ardoino emphasized the strategic importance of Tether’s Bitcoin mining operations in securing its $10 billion Bitcoin investment. Since 2023, Tether has invested over $2 billion in energy production and mining infrastructure across 15 sites in Uruguay, Paraguay and El Salvador.