Yeliz Akmaca 
- At the 2025 Bitcoin Conference, Tether CEO Paolo Ardoino shared the company’s major investments, innovations, and vision for Bitcoin mining.
Big Announcements from Tether at the 2025 Bitcoin Conference
Paolo Ardoino began his speech by stating: “We made $13 billion in profit last year. We currently hold $120 billion in U.S. Treasury assets. We’ve committed to serious Bitcoin investments. As a company, we own over 100,000 Bitcoins.” Ardoino emphasized his belief in Bitcoin, saying, “Bitcoin is perfect, gold is flawed.”
He also spoke about Tether’s history with Bitcoin. “We are a company born with Bitcoin,” he said. “Everyone at our company loves Bitcoin. At our core, we are all Bitcoiners.”
Tether’s Vision for Bitcoin and Energy
Since 2023, Tether has been investing in Bitcoin mining. The company plans to establish mining facilities powered by renewable energy sources in Uruguay, Paraguay, and El Salvador. In Uruguay, the focus is on hydroelectric energy, while in El Salvador, they aim to build geothermal energy plants. These facilities are designed to reduce reliance on fossil fuels and enable mining with a low carbon footprint. Tether’s goal is to control 1% of the global Bitcoin hash rate with these investments.
Ardoino announced these plans by saying:
“We’ve invested $2 billion in energy production. Bitcoin mining goes beyond this investment. We’re hesitant to say it, but we believe Tether will become the world’s largest Bitcoin miner — even among public companies — by the end of the year.”
He also introduced Tether’s new ventures in artificial intelligence. “Our new AI systems are designed for society, not corporations,” he said. He shared his vision: “I want my AI agent to have an unsupervised wallet so I can give it some money. It will hold that money and work for me, independent of anyone else’s rules.” Ardoino added that they recently launched their own AI platform: “It’s called QVAC.”
In conclusion, he touched on their partnership with Rumble. “We’re collaborating on one of our new projects. First, we’ll support Bitcoin. Then we’ll launch a Rumble Wallet, offering a stablecoin wallet for people,” he said.
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