Press Release
Bitdeer (NASDAQ: BTDR) Receives $100M Investment From Stablecoin Leader Tether International Limited
–News Direct–
By Gerelyn Terzo, Benzinga
Bitdeer Technologies Group (NASDAQ: BTDR), a Bitcoin mining and AI cloud solutions company led by industry pioneer Jihan Wu, has received a potentially game-changing capital injection from one of the blockchain industrys earliest stablecoin projects.
Tether International Limited, a stablecoin backed by fiat currencies including the dollar, has purchased a $100 million position in Bitdeer. (Stablecoins are digital assets that are pegged or tied to more stable instruments, like the U.S. dollar, making them less volatile and more attractive for use cases like payments.)
The financing, which took the form of a private placement that closed in May, comprises 18,587,360 of Bitdeers Class A ordinary shares and a warrant to purchase up to 5,000,000 more at $10.00 per share. Cantor Fitzgerald served as the placement agent for the deal. In addition to the $100 million Bitdeer already received from the share issuance, the company could potentially see another $50 million if the warrant, which is exercisable at Tethers discretion for 12 months, is fully exercised.
While Tethers percentage equity stake in Bitdeer remains unclear, investors cheered the development, sending BTDR shares nearly 7% higher in response. Bitdeer Chief Business Officer Linghui Kong welcomed Tether as a significant investor in the company, saying:
This substantial investment demonstrates confidence in our vision and the strength of our extensive global operations. With Tether's support, we are poised to accelerate our growth and continue our leadership in sustainable and efficient Bitcoin mining.
Tether CEO Paolo Ardoino expressed his delight to be partnering with Bitdeer, as it catapults his company closer to its Bitcoin mining aspirations. Tether has reportedly earmarked $500 million in preparation for its own Bitcoin mining operations, having broken ground on the development of facilities in Uruguay, Paraguay and El Salvador.
We regard Bitdeer as one of the strongest vertically integrated operators in the Bitcoin mining industry, differentiated by its cutting-edge technologies, and a robust R&D organization, he said.
Bitdeer plans to direct the proceeds from the capital injection, which closed on May 30, toward powering its aggressive data center expansion and advancing the development of its ASIC-based Bitcoin mining rigsin a post-Bitcoin-halving environment, which might typically ushers in a bull market for Bitcoin.
ASICs or application-specific integrated circuits are chips that are specifically made for Bitcoin mining as opposed to CPUs and GPUs, whose design is more general in nature. Bitdeers Wu has been instrumental in ASIC miner innovation, leading to higher performance and greater efficiency in the Bitcoin mining process.
Bitdeer Strategically Positioning Itself For Next Bitcoin Mining Wave
Bitcoin mining is the process by which the Bitcoin blockchain is secured and new bitcoins are created. The process mimics that of physically mining for resources like gold from the ground, explaining how it earned its name. With the Bitcoin price hovering near $70,000, the next wave of Bitcoin mining is starting to ramp up as obsolete and inefficient equipment is replaced with the latest technology.
As one of the biggest publicly traded Bitcoin miners on the planet, Bitdeer boasts six Bitcoin mining facilities globally, including U.S. facilities in the states of Washington, Tennessee and Texas. Bitdeer was on track to begin construction of its 221MW data center in Ohio in April. The company is also in the midst of a 175MW expansion at its Tydal, Norway, immersion cooling data center, the construction of which is expected to be completed by mid-2025. Additionally, Bitdeer is expanding its operations in Bhutan, where its focused on the development of greenfield operations, including carbon-free digital asset mining.
Considering the massive amounts of computing power involved in mining Bitcoin, Bitdeer is dedicated to renewable, carbon-free and stable energy sources setting an example for other mining companies to emulate.
The financing from Tether marks the beginning of what the management teams expect will become a close collaboration across multiple key infrastructure areas for the foreseeable future. Investors who are bullish on the future of sustainable Bitcoin mining might want to keep an eye on the leaders in this industry.
Featured photo by Randgruppe on Pixabay.
Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders.
This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice.
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View source version on newsdirect.com: https://newsdirect.com/news/bitdeer-nasdaq-btdr-receives-100m-investment-from-stablecoin-leader-tether-international-limited-902451832
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United States, 29th Apr 2025, – San Francisco, CA — In a world that’s increasingly disconnected from nature, GroundingTime is proud to unveil its latest innovation: the Bamboo Grounding Fitted Sheet | 5X Grounding Power for Better Sleep Groundingtime — a wellness-forward, eco-conscious sleep essential designed to bring the science of grounding into your bedroom, without compromising on style, softness, or sustainability.
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Grounding Therapy | 5X Enhanced Grounding Technology – Groundingtime
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Availability
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About GroundingTime
GroundingTime combines scientific research with natural therapy to offer a gentle, nature-based wellness solution for those living with chronic conditions, pain, and sleep challenges. Through grounding technology, we help users reduce stress, improve rest, and support overall health and mind-body balance in everyday life.
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United States, 29th Apr 2025, – CozyBliss, an innovator in modern home lifestyle products, is excited to announce the launch of its 2025 COOLI PRO Cooling Bedding Collection, a next-generation comfort solution designed to deliver instant cooling and long-lasting comfort throughout the night. The new collection integrates a proprietary woven pattern and Sorona® bio-based fiber technology, offering a superior sleep experience rooted in both innovation and sustainability.
Sleep Cool and Comfortable with Sorona® Fiber
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Purchase Information
COOLI Series
Lightweight summer blankets with 100% poly down-alternative filling create a 3D hollow structure for enhanced elasticity and durability. Designed for summer use with excellent abrasion resistance.
COOLI PRO Series
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Website: https://www.cozybliss.com/products/lightweight-natural-cooling-comforter?variant=47795869122806
The full collection is available for purchase through the CozyBliss website and Amazon CozyBliss Store.
About CozyBliss
Founded with a vision to redefine modern comfort, CozyBliss is a leading brand in American home living. The company offers an all-season, all-scene product line designed to help consumers effortlessly switch into comfort mode anytime, anywhere. By combining thoughtful design, sustainable materials, and superior craftsmanship, CozyBliss brings lasting coziness to homes around the world.
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Press Release
Blue Sky Scrubs Celebrates World Environment Day with Commitment to Sustainability and Innovation
United States, 29th Apr 2025, – Austin, TX — As the world comes together to celebrate World Environment Day on June 5, Blue Sky Scrubs is proud to spotlight its ongoing commitment to protecting the planet through thoughtful, sustainable practices. The luxury medical apparel company, known for blending style with functionality, believes that caring for the environment is a natural extension of its mission to care for healthcare professionals.
In honor of World Environment Day on June 5, Blue Sky Scrubs is proud to reaffirm its commitment to protecting the planet through sustainable business practices. As a leader in luxury medical apparel, the company believes that caring for healthcare professionals also means caring for the environment they live and work in.
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This World Environment Day, Blue Sky Scrubs invites the healthcare community and its supporters to reflect on the small changes that, together, can make a big difference for the planet.
For more about Blue Sky Scrubs’ sustainability efforts, visit blueskyscrubs.com.
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Contact Number: 18883025837
Country:United States
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GroundingTime Debuts Eco-Friendly Bamboo Grounding Sheet to Redefine Rest
CozyBliss Introduces 2025 COOLI PRO Cooling Comforter Featuring Sorona Technology
Blue Sky Scrubs Celebrates World Environment Day with Commitment to Sustainability and Innovation
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