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Luckyjerry🍀
@luckyjerry
📌 Tether Invests an Additional $18 Million in Bitcoin Mining Firm Bitdeer ✅ Investment Scale & Increased Stake - Tether has made an additional $18.2 million investment in Bitcoin mining company Bitdeer. - With this investment, Tether now holds approximately 21.4% of Bitdeer’s outstanding shares. ✅ Background of Tether’s Investment in Bitdeer - Previously invested $150 million and held an option to purchase 5 million additional shares at $10 per share. - Bitdeer operates data centers in the U.S., Norway, and Bhutan. Provides advanced cloud infrastructure to support AI-intensive workloads. ✅ Purpose of the Investment & Future Plans - Expanding data centers. - Developing ASIC-based Bitcoin mining equipment. - Supporting general corporate activities. https://thecryptobasic.com/2025/03/18/tether-increases-bitcoin-mining-stake-with-additional-18m-investment-in-bitdeer/
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Luckyjerry🍀
@luckyjerry
✅ Contribution to the Crypto Ecosystem - Tether is expanding beyond stablecoin issuance to infrastructure investments. - Expected to enhance the stability and sustainability of the cryptocurrency ecosystem.
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Luckyjerry🍀
@luckyjerry
📍With this investment, Tether is accelerating its transformation from a stablecoin issuer to a key player in Bitcoin mining and AI infrastructure.
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