Tether Doubles Down on Bitcoin Mining—Now Dominates Global Hashrate

Stablecoin giant muscles into proof-of-work—because nothing says ’trustless’ like a centralized entity controlling the backbone of Bitcoin.

How Tether rewrote the mining playbook

Forget mom-and-pop rigs. Tether’s industrial-scale farms now account for a staggering slice of the network’s computational power. No disclosure on energy sources—but hey, those USDT prints weren’t going to collateralize themselves.

The finance jab: Meanwhile, Wall Street still can’t decide if Bitcoin is a commodity or a ’risk asset’—but they’ll happily sell you a futures contract either way.

Tether’s Massive Bitcoin Plans

Speaking at the bitcoin 2025 conference, Ardoino reveal that Tether has made $13 billion in profit and now owns more than 100,000 Bitcoin. He added that Tether is investing an extra $2 billion into energy infrastructure to support its mining operations. According to him, “Tether will be the biggest Bitcoin miner in the world.”

This marks a big shift for Tether, which is best known for its USDT stablecoin. Now, the company is moving deeper into real-world infrastructure, showing how major crypto firms are expanding beyond digital finance into energy and industrial sectors.

Countries Begin Holding Bitcoin as Reserves

Governments are also starting to take Bitcoin more seriously. Pakistan’s Special Assistant to the Prime Minister, Bilal bin Saqib, revealed that the country is setting up a government-led Bitcoin reserve. He promised that Pakistan will hold Bitcoin long-term and won’t sell it. Along with this, Pakistan plans to use 2 gigawatts of surplus electricity to mine Bitcoin.

Meanwhile, in the United Kingdom, politician Nigel Farage said his party will accept Bitcoin donations and is drafting a bill to reduce crypto capital gains tax to 10%. He also proposed creating a Bitcoin digital reserve for the Bank of England.

While Farage’s party only holds a few seats in Parliament and polls suggest he’s not a leading candidate for Prime Minister, his support for Bitcoin may influence larger political parties to take crypto more seriously.

Regulators Softening Their Stance

At the same conference, U.S. SEC Commissioner Hester Peirce gave a more open view on crypto regulation. She said regulators need to make rules that protect good actors while keeping bad ones in check. Peirce warned that unclear rules could push innovation overseas. Her comments suggest that U.S. regulators may soon MOVE from strict enforcement to creating clearer, friendlier guidelines.

She also made a light-hearted comment: “If you want to speculate, go for it — just don’t complain to the government.” This was met with laughter, but also showed that regulators are starting to better understand the crypto space.

Bitcoin Tech and Development News

On the tech side, Ark Labs CEO Marco Argentieri introduced a new project called Arkade. This platform allows Bitcoin to support fast financial operations without using sidechains or wrapped tokens. Arkade is set for a Q3 mainnet and could bring major upgrades to how Bitcoin is used in apps and platforms.

The event also attempted to break a Guinness World Record for the most Bitcoin transactions in one day. Attendees lined up to send micro-payments using cardboard signs and QR codes, turning the conference into a real-time showcase of Bitcoin’s utility and culture.

Bitcoin in the Spotlight of U.S. Politics

Bitcoin’s role in U.S. politics was also highlighted. Vice President JD Vance spoke about creating a Strategic Bitcoin Reserve to protect America’s financial future. He believes Bitcoin could strengthen national resilience and financial independence.

Michael Saylor, the executive chairman of MicroStrategy, also gave a powerful keynote speech encouraging companies to hold Bitcoin instead of cash or bonds. He described Bitcoin as the best store of value and advised businesses to trade their fiat and real estate for BTC.

Other big names, like Donald TRUMP Jr. and Rumble CEO Chris Pavlovski, discussed using Bitcoin and uncensorable media together to promote freedom of speech and resist government control.

Final Thoughts

While there’s still no official U.S. policy to buy Bitcoin, recent developments show growing support from both the public and private sectors. For now, the U.S. government’s only stance is to hold — but not sell — Bitcoin seized in past cases.

Tether’s push into mining and the increasing interest from global politicians suggest that Bitcoin is no longer just a financial experiment. It is becoming part of larger political, economic, and technological strategies around the world.

As Bitcoin moves from being a rebellious technology to a regulated global asset, the world is watching to see how governments, institutions, and companies will continue to adapt.