Bitdeer, a mining company, has announced a private placement of up to $150 million. They have sold $100 million worth of shares to stablecoin issuer Tether, as well as acquired $50 million worth of warrants within 12 months. Bitdeer will use the funds for the expansion of its data centers, development of ASIC-based mining equipment, operational capital, and other general corporate purposes.
Tether Ventures into BitDeer with a $100 Million Investment, Becomes Major Shareholder