News

Tether Maps Out 3-Year Mega Bitcoin Mining Plans

Tether Bitcoin mining plans is gaining momentum as the stablecoin issuer plans to become one of the biggest miners by 2025
Published by
Tether Maps Out 3-Year Mega Bitcoin Mining Plans

Tether Holdings Ltd, the issuer of United States Dollar-pegged stablecoin USDT has drawn out a 3-year mega plan for its Bitcoin mining venture, a move that includes investing $500 million into the sector until 2025.

Advertisement

Tether Bitcoin Mining to Gobble in $500M

In a recent development, Tether has made certain giant strides toward becoming one of the world’s top Bitcoin mining companies. For a highly competitive industry like BTC mining, Tether’s $500 million is a significant investment that could push the $87 billion stablecoin operator to reasonable heights within the next six months.

According to Tether’s newly appointed CEO and former CTO Paolo Ardoino, the funds will be directed towards the construction of its crypto mining sites and also in the purchase of stakes in other companies. 

“We are committed to being part of the Bitcoin mining ecosystem,” Ardoino highlighted. “When it comes to the expansions, building new substations and new sites, we are taking them extremely seriously.” 

The Tether Bitcoin mining adventure was underscored in September when the firm decided to acquire some stakes in crypto miner Northern Data Group. Aside from crypto mining, the strategic partnership involved the exploration of Artificial Intelligence (AI) in the mining ecosystem. 

The Northern Data Group-Tether collaboration was speculated to be worth $420 million but no official announcement was made to confirm this. However, the $500 million investment for Tether Bitcoin mining is believed to be part of a $610 million credit facility that Tether extended to the Frankfurt-based Bitcoin mining company.

With its current plans, the company hopes to hit 120 megawatt in its mining operations by the end of the year and 450 megawatts by the end of 2025.

Advertisement

Tether Making Pivot Away from USDT

For a top stablecoin issuer, recognized for its dominance in the industry, Tether is hinting at an expansion of its operations beyond the “four walls” of the USDT token. Its involvement in direct Bitcoin mining could transform the competition around USDT. The introduction of Bitcoin mining software as well as other moves has been made in line with the company’s Bitcoin mining mission. 

In May, Tether announced the launch of Tether Energy, a major investment in energy production and sustainable Bitcoin mining. The mining operations went live in Uruguay in partnership with a local licensed company. 

Speaking in a statement at the time, Ardoino expressed confidence that “by harnessing the power of Bitcoin and Uruguay’s renewable energy capabilities, Tether is leading the way in sustainable and responsible Bitcoin mining.

Advertisement

Share
Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on X, Linkedin

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

Senators Reaffirm Commitment to Market Structure Bill After Meeting with Coinbase, Ripple

Senate Democrats and Republican lawmakers have ended separate roundtable meetings focused on the Crypto Market…

October 23, 2025
  • News

How the Crypto Market Could React to the Next Fed Meeting on October 29?

The crypto market has, for a while now, been pricing a potential 25 basis points…

October 23, 2025
  • News

$1.68 Trillion T. Rowe Price Files for First Active Crypto ETF Holding BTC, ETH, SOL, and XRP

Rowe Price has filed for its first actively managed crypto exchange-traded fund (ETF). It is…

October 22, 2025
  • News

Standard Chartered Predicts Bitcoin Could Drop Below $100K Amid U.S.–China Trade Tensions

Standard Chartered analyst Geoff Kendrick has predicted that the Bitcoin price could suffer a significant…

October 22, 2025
  • News

Rising Demand for Verifiable Crypto Ownership Drives Launch of Trezor Safe 7

Crypto ownership is a topic that has been discussed across major forums globally in the…

October 22, 2025
  • News

Robinhood Lists Binance Coin as BNB Outperforms BTC, ETH, SOL YTD By Over 30%

Crypto exchange Robinhood has listed the Binance coin for spot trading for its U.S. customers.…

October 22, 2025