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.

ChainCatcher news, Nasdaq-listed Bitcoin mining company Bitdeer officially updated its Bitcoin holding data, disclosing its latest holdings as of February 14th to be 833 BTC (excluding customer deposits), an increase of 28 BTC compared to last week's holdings.

ChainCatcher news, Matrixport released today's chart stating that since Donald Trump successfully won re-election as President of the United States in November 2024, the price of Bitcoin has increased by a cumulative 52%. This upward trend aligns with our bullish expectations for Bitcoin in the fourth quarter, while several Bitcoin and crypto-related assets have performed even better.MicroStrategy remains the focal point of market discussions, with its stock price rising 70% since the election, even though its initial gains were more significant. Meanwhile, Japan's Metaplanet has gained attention for continuously adopting MicroStrategy's Bitcoin reserve strategy since 2024, with its stock price increasing by 149%.However, the brightest star among Bitcoin-related stocks is Bitdeer. Since Trump's victory, its stock price has skyrocketed by 227%, solidifying its position as a market leader.

ChainCatcher news, according to GlobeNewswire, Bitcoin mining company Bitdeer announced the issuance of $360 million in convertible preferred notes to qualified institutional buyers through a private placement, maturing in 2029.The company also granted the initial purchasers of the notes the option to purchase up to an additional $40 million in principal notes within 13 days from the date of the initial issuance. The sale of the notes is expected to be completed by November 26, 2024, subject to customary closing conditions, with the related funds intended for the expansion of data centers, the development and manufacturing of ASIC-based mining equipment, as well as working capital and other general corporate purposes.

According to a research report released by investment bank Benchmark on Monday, the increasing interest from artificial intelligence (AI) and high-performance computing (HPC) companies in the energy assets of cryptocurrency miners in recent months has boosted the value of Bitdeer.As a result, Benchmark raised the target price for Bitdeer from $13 to $16 and reiterated a buy rating on the stock. In pre-market trading, the stock was priced at $11.10.

ChainCatcher news, according to Bloomberg citing informed sources, blockchain and high-performance computing technology company Bitdeer Technologies Group (NASDAQ: BTDR) is in talks for approximately $100 million in financing with a private credit firm.Informed sources stated that the company is working with financial advisors to raise funds for projects such as expanding its Bitcoin mining capacity. These individuals requested anonymity due to the private nature of the matter.It is reported that negotiations are ongoing, and the details of the financing may change. A spokesperson for Bitdeer declined to comment.

ChainCatcher news, Bitdeer announced its unaudited mining and operational update for November 2023, producing 403 BTC, an increase of 81.5% year-on-year, with the Gedu data center contributing 209 BTC.In addition, Bitdeer CEO Linghui Kong stated that Bitdeer has become the preferred cloud service provider in the NVIDIA Partner Network and plans to launch the Bitdeer AI Cloud, powered by NVIDIA DGX SuperPOD systems, in the first quarter of 2024.

ChainCatcher news, according to the latest equity disclosure from Nasdaq, as of June 30, 2023, IDG Capital increased its holdings in the cryptocurrency mining company Bitdeer (Nasdaq:BTDR) by 91,308 shares, involving approximately $931,000.

ChainCatcher news, Bitdeer, a mining company under Wu Jihan, announced that their previously announced business merger was approved at the Blue Safari special shareholders meeting on April 11. The business merger is expected to be completed on April 13, 2023. Upon completion, Bitdeer Technologies Group will continue as the merged company, and its stock is expected to begin trading on NASDAQ on April 14, 2023, with the ticker symbol "BTDR". (source link)