Tether's Acquisition of Bitdeer Shares Bolsters Mining Industry Expansion
Friday, 31 May 2024, 12:35
Overview
Tether recently acquired $100 million worth of Bitdeer shares, with an option to invest an additional $50 million. This move is aimed at supporting Bitdeer's data center expansion and ASIC-based mining rig development.
Key Points
- Tether Investment: Tether purchased $100 million of Bitdeer shares, signaling a significant commitment to the mining industry.
- Expansion Plans: Bitdeer intends to use the funds to expand its data centers and develop advanced mining rigs.
The partnership between Tether and Bitdeer is poised to drive innovation and growth in the cryptocurrency mining space, benefiting both companies and the industry as a whole.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.