Tether CEO explains that the firm's mining ambitions are driven by the need to safeguard its significant Bitcoin exposure, not for profit motives.
Tether, with a team of under 200 people, generated $13 billion in profit in 2024 and has diversified into various sectors, including Bitcoin mining.
CEO emphasizes the importance of being part of Bitcoin network security due to their exposure to Bitcoin, rather than focusing on mining for investment purposes.
Tether aims to become the world's largest Bitcoin miner by the end of the year, focusing on contributing to network security and decentralization.