Tether increases its stake in Bitcoin mining company Bitdeer

2025-03-18 08:29:36

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ChainCatcher news, according to documents submitted to the U.S. Securities and Exchange Commission, stablecoin issuer Tether has increased its stake in Bitcoin mining company Bitdeer (BTDR). The documents show 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 common shares of Bitdeer, accounting for 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 over the past few years. Meanwhile, Bitdeer has been seeking vertical integration of its Bitcoin mining business from silicon to energy. Bitdeer recently announced the test results of its SEALMINER A3 chip, which performed below 10 J/TH in laboratory tests.

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