Tether increases stake in Bitcoin mining firm Bitdeer

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MarsBit
3 days ago
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According to the filing submitted to the U.S. Securities and Exchange Commission, the stablecoin issuer Tether has increased its stake in the Bitcoin mining company Bitdeer (BTDR). The filing shows that Tether and its subsidiaries Tether International, SA de CV and Tether Investments, SA de CV currently hold a total of 31,891,689 Class A ordinary shares of Bitdeer, representing 21.4% of the company's issued shares. Tether is known for its stablecoin USDT. However, the company has been investing in Bitcoin mining, energy, and artificial intelligence infrastructure in recent years. Meanwhile, Bitdeer has been seeking vertical integration of its Bitcoin mining business from silicon to energy. Bitdeeer recently announced the test results of its SEALMINER A3 chip, which achieved a performance of less than 10 J/TH in laboratory tests.

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