Tether increases its stake in bitcoin miner Bitdeer

According to a filing with the Securities Exchange Commission, stablecoin issuer Tether has increased its stake in bitcoin miner Bitdeer (BTDR). The filing shows that Tether and its subsidiaries Tether International, SA de CV and Tether Investments, SA de CV currently hold a total of 31,891,689 shares of Bitdeer's Class A common stock, representing 21.4% of the company's outstanding shares.
Tether is best known for its stablecoin USDT. However, the company has been investing in bitcoin mining, energy, and artificial intelligence infrastructure over the past few years. Meanwhile, Bitdeer has been looking to vertically integrate its bitcoin mining operations from silicon to energy. Bitbeyer recently released test results of its SEALMINER A3 chip, which in lab tests showed performance below 10 J/TH.