BitDeer, a Bitcoin mining company led by Jihan Wu, has secured up to $150 million in private placement financing from Tether. Tether has already purchased $100 million worth of BitDeer shares and holds an option to acquire an additional $50 million worth of shares. This strategic investment will support BitDeer's data center expansion and the development of its ASIC-based mining rigs. The transaction generated $100 million in gross proceeds from the share issuance. BitDeer, which is US-listed, has seen its stock increase 7% on the news.
.@BitdeerOfficial gains $150 million from @Tether_to for ASIC-based mining rig development https://t.co/5LULoLnQLI
Chinese #bitcoin miner Bitdeer has raised $150m from Tether 💰💰💰 The stock has increased 7% on the news 📈 For the full article follow the link 🔗👇 https://t.co/YY73eliLBT https://t.co/nZ4KZHxz4I
Tether Acquires $100 Million Stake in US-Listed Bitcoin Miner Bitdeer https://t.co/hv1QuN4VMP
BitDeer Secures $150 Million Financing from Tether, Releases New Bitcoin Mining Machine https://t.co/veIk9ZBqVU
JUST IN‼️ - Bitdeer, Jihan Wu's cryptocurrency mining company, is raising new capital from Tether. Tether has agreed to purchase up to $150 million worth of Bitdeer shares in a private placement. https://t.co/6dpV1CZZ3n
Tether acquires a $100M stake in US-listed bitcoin miner Bitdeer with an option to purchase an additional $50 million in shares within a year (@emilyjnicolle / Bloomberg) https://t.co/LPs2ctoRm9 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/kejIhcMber
🚨 JUST IN: Tether Invests $150 Million in #Bitcoin Miner Bitdeer $BTDR https://t.co/GoigqjDnWw
🚨 JUST IN: Tether Invests 5100 Million in #Bitcoin Miner Bitdeer $BTDR https://t.co/GoigqjDnWw
Stablecoin issuer Tether has acquired a $100 million stake in the US-listed Bitcoin miner owned by Chinese billionaire Jihan Wu. https://t.co/hLaD2x1khd
Tether announced a subscription agreement with Bitdeer to buy up to $150 million of its shares in a private placement. https://t.co/5LOiH3xnz1
Tether purchases $100 million of shares in Bitcoin miner Bitdeer https://t.co/oSDxE8XObS
[COINDESK] #Tether Buys $100M Worth of #Bitdeer Shares With Option to Buy $50M More $BTDR $USDt
.@Tether_to has bought $100 million worth of shares in bitcoin miner Bitdeer with an option to acquire an additional $50 million worth of shares. By @JamieCrawleyCD. https://t.co/m1zP0oc3eW
[COINDESK] #Tether Buys $100M Worth of #Bitdeer Shares With Option to Buy $50M More $BITD $USDt
BitDeer, led by Jihan Wu, announced that it has received up to $150 million in private placement financing from Tether. BitDeer has just released its latest Bitcoin mining machine. The transaction generated $100 million in gross proceeds from the share issuance and could provide…
We are thrilled to announce that Tether International Limited has made a private placement financing of up to US$150 million in Bitdeer. This strategic investment will power our data center expansion and advance the development of our ASIC-based mining rigs. Read the full press… https://t.co/6jcC9In2Zb