According to Blockspace, stablecoin issuer Tether has increased its stake in Bitcoin mining company Bitdeer (BTDR) based on documents submitted to the US Securities and Exchange Commission. The document shows that Tether and its subsidiary Tether International, SA de CV and Tether Investments, SA de CV currently holds 31891689 shares of Class A common stock in 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. At the same time, Bitdeer has been seeking vertical integration of its Bitcoin mining business from silicon to energy. Bitdeeer recently released the test results of its SEALINER A3 chip, which showed performance below 10 J/TH in laboratory testing.
