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Bitdeer (NASDAQ: BTDR) Receives $100M Investment From Stablecoin Leader Tether International Limited

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–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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Press Release

The Mining Future Introduces the Bitmain Antminer KS5 20Th—Efficiency and Profits in Crypto Mining

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The Mining Future, one of the leading provider of cryptocurrency mining solutions in Middle East and Latin Amercia, is excited to announce the arrival of the Bitmain Antminer KS5 20Th, a new mining rig designed to help cryptocurrency miners boost their efficiency and profits. With a focus on delivering top performance, the KS5 20Th is here to meet the growing demands of today’s mining world.

The Bitmain Antminer KS5 20Th offers an impressive 20 terahashes per second (TH/s), making it perfect for miners looking to stay ahead in the competitive crypto space of Kaspa mining. Whether it is about mining on small scale or as part of a larger operation, this rig can provide the power any Kaspa miner needs to succeed.

Lower Energy Use, Bigger Profits

One of the biggest challenges for miners is the cost of electricity. The Bitmain Antminer KS5 20Th helps tackle this issue thanks to its high efficiency rates, thus using less energy without sacrificing performance. That means lower electricity bills and a quicker return on investment, allowing it to run a more profitable operation.

Built to Last and Ready for the Future

Not only is the Antminer KS5 20Th powerful, but it is also built to last even in the most tough environments. With a durable design and advanced cooling system, it can handle long hours of continuous operation without impacting its uptime. And with its high performance it can stay ahead of the curve despite the increasing network difficulty and the demands of more power, providing a competitive advantage for its owners.

Simple and Easy to Use for Everyone

The Antminer KS5 20Th has been designed to make it easy to set up and use. Its straightforward controls make it accessible to all types of miners, and with Bitmain’s customer support, you can be sure your mining operation is running smoothly without any hassle.

Hosting Services Now Available

For an even simpler mining experience, the miners can delegate its operations to professional crypto mining hosting service facilities. The Mining Future is now expanded its offering of hosting services for the Bitmain Antminer KS5 20Th. Its hosting solutions provide reliable infrastructure at a very affordable rates, so any miner can focus on just enjoying the profits while leaving all technicalities to the technical experts.

A Smart Investment in the Future of Mining

As cryptocurrency mining continues to grow, having powerful and efficient hardware is more important than ever. The Bitmain Antminer KS5 20Th gives miners the edge they need to stay profitable and competitive in this rapidly changing industry.

For more information or to set up a free consultation, please visit www.theminingfuture.com or contact their team at contact@theminingfuture.com.

About The Mining Future

The Mining Future provides top-notch crypto mining hardware and services, offering the latest technology to obtain maximum efficiency and profitability. Offering reliable equipment and cutting-edge hosting infrastructure, the company enables miners minimize downtime, extend equipment lifespan, and maximize profits.

Contact Details:

Contact Person: Gilbert Corbella

Phone No: 48 535 235 364

Address: Dubai Silicon Oasis, Dubai Digital Park, Building A2,  Premises 10800-001, Dubai, United Arab Emirates.

Website URL:     https://www.theminingfuture.com/

Email Address:  contact@theminingfuture.com

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Press Release

The Mining Future Expands Antminer Hosting Services for S21 Series

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The Mining Future, one of the leading provider of cryptocurrency mining solutions in Middle East and Latin Amercia, is pleased to announce an exciting expansion to include the latest Antminer Hosting services. With a focus to staying ahead of the curve, The Mining Future now offers specialized hosting solutions for the latest Antminer models, including the S21 200T, S21 Pro 234T, S21 Hydro 335T, S21 XP Hydro 473T, and KS5 Pro 21T.

This service update addresses the latest releases from Bitmain’s top performing models, as well as accommodating the growing demand for more efficient, high-performing hosting solutions that support the newest technological advancements in crypto mining. By offering cutting-edge hosting solutions for these powerful devices, The Mining Future continues its commitment to enabling miners optimize their mining operations while increasing their profitability.

What’s New?

With the S21 series known for its impressive hashing power and energy efficiency, The Mining Future’s hosting services are designed to ensure maximum uptime and minimal operational costs. Here’s what miners can expect:

  • Antminer S21 200T Hosting – Take advantage of the S21 200T’s capabilities with optimized energy consumption and enhanced operational efficiency.
  • Antminer S21 Pro 234T Hosting – Experience industry-leading performance with infrastructure designed to support the S21 Pro’s superior hashing power.
  • Antminer S21 Hydro 335T and S21 XP Hydro 473T Hosting – Benefit from advanced cooling systems tailored for the S21 Hydro, maximizing productivity without increasing energy costs.
  • Antminer KS5 Pro 21T Hosting – Secure a hosting environment that ensures stability and peak performance for the top Kaspa miner model KS5 Pro, guaranteeing continuous operation and zero downtime.

Why Choose The Mining Future for Antminer Hosting?

The Mining Future can provide cutting edge cooling technology, reliable power management, and 24/7 monitoring. Its advanced Antminer Hosting services deliver the highest levels of efficiency and performance for the newest miners in the industry. Their secure, scalable facilities are built to handle the increasing power needs of these cutting-edge machines, giving miners a competitive advantage in today’s fast-paced cryptocurrency market.

For more information or to set up a free consultation, please visit www.theminingfuture.com or contact their team at contact@theminingfuture.com.

About The Mining Future

The Mining Future provides top-notch crypto mining hardware and services, offering the latest technology to obtain maximum efficiency and profitability. Offering reliable equipment and cutting-edge hosting infrastructure, the company enables miners minimize downtime, extend equipment lifespan, and maximize profits.

Contact Details:

Contact Person: Gilbert Corbella

Phone No: 48 535 235 364

Address: Dubai Silicon Oasis, Dubai Digital Park, Building A2,  Premises 10800-001, Dubai, United Arab Emirates.

Website URL:     https://www.theminingfuture.com/

Email Address:  contact@theminingfuture.com

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Press Release

Treendale Pet Medical Offers Trusted Vet Services Near Dalyellup

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Australia, 22nd Oct 2024, Treendale Pet Medical, a leading veterinary hospital in Australind, has expanded its services to pet owners near Dalyellup. The clinic provides a full range of routine and advanced veterinary care, ensuring that pets in the region have access to high-quality medical support.

Treendale Pet Medical Offers Trusted Vet Services Near Dalyellup

Offering both routine and specialised treatments, Treendale Pet Medical addresses a variety of pet health needs. Services include general health check-ups, dentistry, senior health screenings, and advanced diagnostics. The hospital also provides specialised care, with expert teams dedicated to areas such as oncology, orthopaedic surgery, and neurology.

Dr. Rob Hill, Director of Treendale Pet Medical, shared the clinic’s commitment to extending services to Dalyellup, “The expansion of services near Dalyellup reflects a continued dedication to providing quality veterinary care in the South West. Pet owners in the area now have convenient access to comprehensive veterinary services, delivered with the same level of care that defines the hospital in Australind.”

Treendale Pet Medical offers a broad spectrum of veterinary services, ranging from preventive care to complex medical treatments. The clinic’s routine services include dental care, imaging, and telemedicine consultations, all aimed at supporting long-term pet health. Preventive measures, such as health screenings and regular check-ups, are essential to maintaining the well-being of pets and identifying potential health issues early.

For pets with more advanced medical needs, Treendale Pet Medical offers specialised services such as cancer treatment, pain management, and orthopaedic surgery. The clinic is equipped with state-of-the-art facilities to handle complex cases, providing solutions for conditions that require expert intervention.

Emergency services are also available at the clinic, ensuring immediate care for pets facing urgent health crises. With a team trained to manage emergencies, Treendale Pet Medical provides critical care when it is most needed.

Treendale Pet Medical Offers Trusted Vet Services Near Dalyellup

Dr. Hill also highlighted the clinic’s forward-looking approach to veterinary care, “As advancements in veterinary medicine continue, there is an ongoing commitment to expanding services and introducing new technologies. The goal is to ensure that pets in Dalyellup and surrounding areas benefit from the latest treatments available, regardless of the complexity of their condition.”

Treendale Pet Medical’s comprehensive services include advanced imaging, reproductive services for breeders, and specialist care in dermatology, orthopaedics, and ophthalmology. The hospital’s wide range of offerings is designed to meet the varied health needs of pets, from preventive health management to complex medical procedures.

With the clinic’s location in Australind, pet owners near Dalyellup now have access to expert veterinary care close to home. This expansion ensures that pet health remains a priority in the region, offering families the convenience of comprehensive medical services for their pets without the need for long-distance travel.

For more information about the vet near Dalyellup, Treendale Pet Medical can be contacted at +61 8 9796 1388 or via email at reception@treendalevet.com.au. The clinic is located at 109 The Blvd, Australind WA 6233.

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Contact Number: 61897961388

Address:109 The Blvd

Address 2: Australind WA 6233

Country:Australia

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