Bitdeer
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#Tether #usdtcrypto #bitdeer $BTC $USDC
Bitdeer earns $150 million from Tether for development of ASIC-based mining platform
Stablecoin issuer#tetherhas signed an agreement to acquire up to $150 million in shares of prominent Bitcoin mining company Bitdeer through a private placement deal, according to a May 31 statement.
Under the deal, Tether acquired 18,587,360 Class A common shares of the BTC miner for $100 million. You could purchase up to 5,000,000 additional shares at $10.00 per share, which would translate into an additional $50 million. Cantor Fitzgerald & Co. acted as private placement agent.
Following the news, Bitdeer shares rose more than 8% in premarket trading to $6.35 at press time, according to data from Google Finance.
Bitdeer will finance the expansion
The Singapore-based company intends to use the net proceeds from this investment to fund the expansion of its data center, the development of ASIC-based mining rigs, working capital, and other general corporate purposes.
Bitdeer Chief Business Officer Linghui Kong said:
“With the support of Tether, we are prepared to accelerate our growth and continue our leadership in sustainable and efficient bitcoin mining. “This partnership marks an important milestone for Bitdeer and we look forward to achieving great things together.”
Bitdeer earns $150 million from Tether for development of ASIC-based mining platform
Stablecoin issuer#tetherhas signed an agreement to acquire up to $150 million in shares of prominent Bitcoin mining company Bitdeer through a private placement deal, according to a May 31 statement.
Under the deal, Tether acquired 18,587,360 Class A common shares of the BTC miner for $100 million. You could purchase up to 5,000,000 additional shares at $10.00 per share, which would translate into an additional $50 million. Cantor Fitzgerald & Co. acted as private placement agent.
Following the news, Bitdeer shares rose more than 8% in premarket trading to $6.35 at press time, according to data from Google Finance.
Bitdeer will finance the expansion
The Singapore-based company intends to use the net proceeds from this investment to fund the expansion of its data center, the development of ASIC-based mining rigs, working capital, and other general corporate purposes.
Bitdeer Chief Business Officer Linghui Kong said:
“With the support of Tether, we are prepared to accelerate our growth and continue our leadership in sustainable and efficient bitcoin mining. “This partnership marks an important milestone for Bitdeer and we look forward to achieving great things together.”
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Bitdeer continues to 'gather' Bitcoin: Is it a sign that the market is about to explode?
Leading Bitcoin mining company Bitdeer has just announced a noteworthy piece of information: they have added 33 Bitcoin to their reserves, bringing their total Bitcoin holdings to 575. This move by Bitdeer has immediately become the focus of attention in the cryptocurrency community, especially in the context of a market experiencing complex fluctuations.
The decision of a large Bitcoin mining company like Bitdeer to increase its Bitcoin holdings shows their strong belief in the future of this leading digital currency. However, behind this decision lies deeper meanings.
The decision of a large Bitcoin mining company like Bitdeer to increase its Bitcoin holdings shows their strong belief in the future of this leading digital currency. However, behind this decision lies deeper meanings.
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Tether Acquires 25% Stake in Bitcoin Miner Bitdeer Amid a Major Financing Deal.
In a significant development, Tether has acquired a significant stake in Bitcoin miner Bitdeer. This was stated in a recent SEC filing.
This acquisition makes Tether the second largest shareholder of Bitdeer. The largest shareholder is Victory Courage Ltd, which is linked to Bitdeer CEO Jihan Wu.
“With the support of Tether, we will accelerate our growth and maintain our leadership in sustainable and efficient Bitcoin mining,” Bitdeer Business Development Manager Linghui Kong said in a recent press release.
Rising Momentum in Bitdeer Shares
Bitdeer shares are currently trading at $7.15, up 2% since the US markets opened. During May, stocks rose a remarkable 26%. In the SEC filing shared on Thursday, Tether Holdings Limited disclosed that it owns 23,587,360 shares of Bitdeer (BTDR) stock. This raise is based on a private placement deal completed with Bitdeer last week, which allowed the Bitcoin miner to raise $100 million in financing. The deal also gives Tether the option to purchase an additional 5,000,000 shares at $10.00 over the next year.
📈📉 #Tether #bitdeer #sec
In a significant development, Tether has acquired a significant stake in Bitcoin miner Bitdeer. This was stated in a recent SEC filing.
This acquisition makes Tether the second largest shareholder of Bitdeer. The largest shareholder is Victory Courage Ltd, which is linked to Bitdeer CEO Jihan Wu.
“With the support of Tether, we will accelerate our growth and maintain our leadership in sustainable and efficient Bitcoin mining,” Bitdeer Business Development Manager Linghui Kong said in a recent press release.
Rising Momentum in Bitdeer Shares
Bitdeer shares are currently trading at $7.15, up 2% since the US markets opened. During May, stocks rose a remarkable 26%. In the SEC filing shared on Thursday, Tether Holdings Limited disclosed that it owns 23,587,360 shares of Bitdeer (BTDR) stock. This raise is based on a private placement deal completed with Bitdeer last week, which allowed the Bitcoin miner to raise $100 million in financing. The deal also gives Tether the option to purchase an additional 5,000,000 shares at $10.00 over the next year.
📈📉 #Tether #bitdeer #sec
🚨BITDEER GOES BEAST MODE—SHARES UP 160% IN A MONTH🪙🚀 $BTC
Bitdeer’s stock just hit $21.10, up 160% in the past month, thanks to its new SEALMINER rigs and big AI data center plans.
Their updated goal of 35 EH/s for 2025 (up from 18 EH/s) is shaking up the mining game, with customers already reserving 30K units.
With Benchmark raising its price target to $29, Bitdeer is flexing hard as the “most vertically integrated” Bitcoin miner around.
Source: The Block
#BitDeer
Bitdeer’s stock just hit $21.10, up 160% in the past month, thanks to its new SEALMINER rigs and big AI data center plans.
Their updated goal of 35 EH/s for 2025 (up from 18 EH/s) is shaking up the mining game, with customers already reserving 30K units.
With Benchmark raising its price target to $29, Bitdeer is flexing hard as the “most vertically integrated” Bitcoin miner around.
Source: The Block
#BitDeer