WuBlockchain
Tether holds 150,000 bitcoin and its mining hashrate exceeds 50 exahashes per second, CEO Paolo Ardoino said at Plan ₿ Forum 2026 in Lugano. He described the operation, built with partners, as one of the world's largest.
Why it matters
The holdings and mining operation give Tether exposure to Bitcoin both as a treasury asset and through the infrastructure that secures its network. Ardoino said Tether has also open-sourced its mining framework.
Market impact
Ardoino argued that Bitcoin's roughly ten-minute block time supports financial inclusion by giving even remote villages time to download a block. The comments highlight Tether's role in both Bitcoin ownership and mining.
Frequently asked questions
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Who helped Tether build its Bitcoin mining operation?
CEO Paolo Ardoino said Tether built the operation with partners and described it as one of the world's largest.
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What did Tether open-source for Bitcoin miners?
Ardoino said Tether has open-sourced its mining framework.
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Why does Ardoino defend Bitcoin's ten-minute block time?
He argued that it gives even remote villages time to download a block, supporting financial inclusion.
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How does Tether's Bitcoin exposure extend beyond its holdings?
Tether also operates in Bitcoin mining with partners, giving it exposure to the infrastructure that secures the network.
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Where did Ardoino discuss Tether's Bitcoin holdings and mining?
He spoke at Plan ₿ Forum 2026 in Lugano.
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