Tether Buys $100M Worth of Bitdeer Shares With Option to Buy $50M More
Powered by @unfolded- Bitdeer has generated $100 million in proceeds from a private placement, with the potential to reach $150 million if fully exercised.
- Tether, the stablecoin company, has established a unit specifically focused on investments in bitcoin mining.
- Tether has agreed to purchase up to $150 million worth of shares in bitcoin miner Bitdeer.
- Bitdeer plans to use the proceeds to fund its data center expansion and development of ASIC-based mining rigs.