Tether Throws Hat in Ring with $100 Million Bitdeer Investment

Tether Holdings, the stablecoin issuer, has acquired a substantial stake in Bitdeer Technologies Group, a US-listed Bitcoin mining company owned by Chinese billionaire Jihan Wu. This acquisition involves a US$100 million investment, with an option to purchase an additional US$50 million in shares within the upcoming year. Investment Facilitates Expansion in Mining According to Bitdeer’s…