GET 10% OFF ON YOUR FIRST ORDER. FOR A LIMITED TIME ONLY. Use code: WELCOME on checkout
News

Tether Boosts Stake in Bitdeer to 21.4%, Now Holds 32M Shares

The post Tether Boosts Stake in Bitdeer to 21.4%, Now Holds 32M Shares appeared first on Coinpedia Fintech News

As per recent a filing with the U.S. SEC, stablecoin giant Tether has increased its stake in Bitcoin mining firm Bitdeer (BTDR). The filing shows that Tether and its subsidiaries, currently hold a total of 31,891,689 Class A common shares in Bitdeer, representing 21.4% of the company’s outstanding shares.

Bitdeer Reveals SEALMINER A3 Chip

Tether, known for its stablecoin USDT, has expanded into Bitcoin mining, energy, and AI investments in recent years. Bitdeer, founded by Jihan Wu, is aiming to vertically integrate its Bitcoin mining operations, covering everything from silicon to energy. The company recently announced the SEALMINER A3 chip. However, Bitdeer’s stock (BTDR) has dropped over 50% this year, trading at $10.35 as of writing.

Bitdeer’s latest product, the SEALMINER A3, achieved a power efficiency of 9.7 J/TH in trials, potentially surpassing the S21XP Hydro in efficiency. However, the upcoming SEALMINER A4, which will use Bitdeer’s new chip architecture, is expected to reach an even more impressive 5 J/TH, making it the most efficient ASIC miner on the market.

In May, Bitdeer received a $100 million investment from Tether to help expand its data centers and develop its own mining hardware. In June, the company acquired semiconductor design firm Desiwe for $140 million in an all-stock deal.

Bitdeer Launches SEAMLINER A2 Pro Series

Besides, it recently announced the launch of its latest self-developed Bitcoin mining machines, the SEALMINER A2 Pro series. The SEALMINER A2 Pro series, an updated version of the A2, includes two models: the air-cooled SEALMINER A2 Pro Air and the hydro-cooled SEALMINER A2 Pro Hyd. Both models offer impressive power efficiency at 14.9 J/TH, featuring better efficiency, advanced technology, and improved stability.

Bitdeer is dedicated to improving transparency and efficiency in the mining industry by investing in research, development, and technological innovations. The company aims to provide miners with reliable, efficient solutions and will continue to focus on “Innovation, Efficiency, and Stability” to deliver high-quality products and services to global miners.

Latest Press

post-thumbnail
News
5 hours ago
Bitcoin Price Prediction For March 19
The post Bitcoin Price Prediction For March 19 appeared first on Coinpedia Fintech News As Gold cont...
READ MORE
post-thumbnail
News
5 hours ago
XRP Price News Today: Will Ripple Drop Below $2?
The post XRP Price News Today: Will Ripple Drop Below $2? appeared first on Coinpedia Fintech News R...
READ MORE
post-thumbnail
News
5 hours ago
Crypto News Today, 19th March : Bitcoin News, Pi Crypto Price, US Fed Rate Cut, FOMC Meeting
The post Crypto News Today, 19th March : Bitcoin News, Pi Crypto Price, US Fed Rate Cut, FOMC Meetin...
READ MORE
post-thumbnail
News
5 hours ago
Crypto Whales Are Buying These Top Altcoins Amid Market Crash
The post Crypto Whales Are Buying These Top Altcoins Amid Market Crash appeared first on Coinpedia F...
READ MORE
default post thumbnail
News
5 hours ago
XRP Vs. ETH: Bold Prediction Claims ‘Dying’ Ethereum’s Reign Is Ending
A cryptocurrency expert thinks that XRP might overtake Ethereum in market value in the next three mo...
READ MORE
post-thumbnail
News
5 hours ago
Ethereum To $4,000? Standard Chartered Lowers Expectations
Ethereum, like the broader crypto market, has experienced a sharp drop in price in recent weeks. Fro...
READ MORE
default post thumbnail
News
5 hours ago
Bitcoin Whales Are Back—Could This Be the Catalyst for the Next Rally?
Bitcoin (BTC) continues to trade below the psychological $90,000 level, with its price standing at $...
READ MORE
default post thumbnail
News
5 hours ago
Bullish Breakout On The Ethereum 4-Hour Chart Says Price Is Headed For $2,500
Ethereum has faced intense selling pressure over the past few weeks, with its price falling below th...
READ MORE
default post thumbnail
News
5 hours ago
Strategy Plans to Use Funds from Preferred Stock Offering for Bitcoin Acquisitions
Prominent business intelligence firm and the world’s largest corporate holder of the Bitcoin Strat...
READ MORE
post-thumbnail
News
11 hours ago
TRX Poised to Hit $0.25, Is Solana Integration Fuel the Rally?
The post TRX Poised to Hit $0.25, Is Solana Integration Fuel the Rally? appeared first on Coinpedia ...
READ MORE

Publish an article now

Unlock the power of media for instant visibility to the target audience, major SEO boost, greater website traffic and conversion rates.

click here to get started