Tether Invests $100 Million in Bitdeer, Becomes Major Shareholder

Mining company Bitdeer has announced a private placement of up to $150 million, in which it has sold $100 million worth of shares to stablecoin issuer Tether and purchased an additional $50 million worth of warrants within 12 months. Bitdeer will use the funds for data center expansion, development of ASIC-based mining equipment, operational capital, and other general corporate purposes.