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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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View source version on newsdirect.com: https://newsdirect.com/news/bitdeer-nasdaq-btdr-receives-100m-investment-from-stablecoin-leader-tether-international-limited-902451832

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Press Release

Downgrading Sage 50 Quantum a strategic decision for businesses looking to cut costs or simplify accounting operations

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Brandon, MB, 8th March 2025, ZEX PR WIRE, Sage 50 Quantum is a robust accounting software designed for medium to large-sized businesses, offering advanced features like customizable reporting, advanced inventory management, and multi-user access. However, there may be times when a business decides to downgrade to a lower-tier version of Sage 50 due to budget constraints, business needs, or software complexity.

Sage 50 Quantum comes with a higher price tag due to its advanced features and capabilities. Small businesses or businesses with fewer users might find it more cost-effective to downgrade to a version like Sage 50 Premium or Sage 50 Pro. As businesses grow, their accounting needs may change. Some companies may no longer require the extensive features of Sage 50 Quantum, making a downgrade to a simpler version more appropriate for their current needs.

With a simpler version, businesses can reduce unnecessary complexity and streamline operations, making it easier for smaller teams to manage accounting tasks.

Evaluate Business Needs: Before proceeding with a downgrade, assess whether the features offered in a lower-tier version meet your business’s needs. Ensure that you won’t lose important functionalities like multi-user support or advanced reporting.

It’s crucial to back up all your data before initiating a downgrade. This ensures that you won’t lose any critical financial information in the process. Select the version that best suits your needs. Sage 50 Premium offers a balance of advanced features and user access, while Sage 50 Pro may be more suitable for smaller businesses with simpler accounting needs.

When downgrading, some advanced features and customizations might not be compatible with the lower-tier version. It’s important to carefully transfer your data, adjusting for any limitations that come with the downgrade.

Once the downgrade is complete, thoroughly test the software to ensure everything is functioning properly. Check reports, transactions, and integrations to ensure the new version meets your expectations.

A Sage 50 Quantum downgrade can be a strategic decision for businesses looking to cut costs or simplify their accounting operations. However, it’s important to carefully evaluate your needs, back up your data, and choose the appropriate version to ensure a smooth transition. By understanding the limitations and benefits of the downgrade process, businesses can continue to manage their finances effectively without sacrificing essential features.

Visit https://e-tech.ca/Sage-50-Quantum-Downgrade-Service.aspx for more information.

About E-Tech

E-Tech is the leading service provider of QuickBooks File Repair, Data Recovery, QuickBooks Conversion and QuickBooks SDK programming in the UK and Ireland. In our 20 years plus of experience with Intuit QuickBooks, we have assisted over a thousand satisfied customers with their requirements.

We offer a range of services for existing QuickBooks users and provide comprehensive solutions for small businesses. Additionally, our expertise covers the US, UK, Canadian, Australian (Reckon Accounts), and New Zealand versions of QuickBooks (PC and Mac platforms).

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Press Release

Transitioning from Sage 50 US to QuickBooks: A Guide

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Brandon, MB, 8th March 2025, ZEX PR WIRE, For businesses looking to switch accounting software, migrating from Sage 50 US to QuickBooks is a popular choice. Both are powerful accounting tools, but QuickBooks offers a more user-friendly interface, enhanced customer support, and a wide range of features suitable for growing businesses. 

QuickBooks is known for its intuitive design and ease of use. For small and medium-sized businesses, it offers a more straightforward setup and operation compared to Sage 50, which can be more complex.

QuickBooks offers both desktop and cloud-based versions. The cloud version allows for real-time data access, automatic backups, and seamless collaboration between teams, which can be a huge advantage over Sage 50’s more traditional, desktop-only setup.

QuickBooks provides advanced reporting tools that are easy to use, enabling businesses to gain better insights into their financial performance. This is particularly beneficial for businesses that need accurate and real-time data for decision-making.

As your needs evolve, you can upgrade to more advanced versions to handle increasing complexities.

Before making the transition, assess the data you need to transfer. This includes accounts, customers, vendors, transactions, and other financial details. Ensure that your Sage 50 data is clean and up to date to minimize complications during migration. QuickBooks offers several versions—QuickBooks Online, QuickBooks Desktop, and QuickBooks Enterprise. Choose the version that best fits your business size and needs.

QuickBooks provides a Sage 50 to QuickBooks conversion tool to help with the transfer process. These tools can simplify the migration by automating the import of accounts, customers, and financial data from Sage 50 to QuickBooks.

After the migration, carefully check your data to ensure it has been imported correctly. Reconcile accounts to make sure balances match between Sage 50 and QuickBooks. QuickBooks has a different interface and workflows compared to Sage 50. Make sure your team is trained on the new system to ensure a smooth transition and continued productivity.

Migrating from Sage 50 US to QuickBooks can streamline your accounting processes and offer more flexibility as your business grows. By evaluating your needs, selecting the right version of QuickBooks, and utilizing migration tools, you can make the transition more efficient and less stressful. With the right planning, the switch can enhance your business’s financial management, improving both operational efficiency and decision-making.

About E-Tech

E-Tech is the leading service provider of QuickBooks File Repair, Data Recovery, QuickBooks Conversion and QuickBooks SDK programming in the UK and Ireland. In our 20 years plus of experience with Intuit QuickBooks, we have assisted over a thousand satisfied customers with their requirements.

We offer a range of services for existing QuickBooks users and provide comprehensive solutions for small businesses. Additionally, our expertise covers the US, UK, Canadian, Australian (Reckon Accounts), and New Zealand versions of QuickBooks (PC and Mac platforms).

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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Press Release

New York’s Unleashed Spa Shares Expertise in New Article on How Grooming Affects Your Pet’s Mood

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New York, US, 8th March 2025, ZEX PR WIRE, Unleashed Spa, a premier pet grooming salon in New York City’s East Village, has been featured in a new article highlighting the powerful connection between grooming and a pet’s mood. The article, How Grooming Affects Your Pet’s Mood, explores how regular grooming can reduce stress, boost confidence, and enhance the overall well-being of pets.

“At Unleashed Spa, we’ve seen firsthand how grooming can transform a pet’s mood,” said Kim Gallagher, founder of Unleashed Spa. “A clean, well-groomed pet is not only healthier but also happier and more confident. We’re thrilled to share our expertise on why grooming is so much more than just keeping pets looking good—it’s about their emotional well-being too.”

The Emotional Benefits of Grooming

The article outlines the numerous ways grooming impacts a pet’s emotional state, including:

  • Reducing Stress and Anxiety: Gentle brushing, bathing, and nail trimming help pets feel more relaxed and comfortable.

  • Boosting Confidence: Well-groomed pets are more social, playful, and engaged with their surroundings.

  • Strengthening the Human-Pet Bond: Grooming sessions create a positive experience that fosters trust between pets and their owners.

Unleashed Spa’s Approach to Stress-Free Grooming

Unleashed Spa has built a reputation for providing expert grooming services tailored to each pet’s individual needs. Their experienced team focuses on creating a calm, pet-friendly environment where grooming is a stress-free and enjoyable experience.

“Many pets come to us nervous about grooming, especially if they’ve had bad experiences elsewhere,” Gallagher explained. “We take the time to build trust, use gentle handling techniques, and ensure that each pet feels safe and comfortable throughout the process.”

Why Professional Grooming Matters

While regular at-home grooming is essential, professional grooming services offer additional benefits, including:

  • Expert handling for anxious pets

  • Deep cleaning and coat care to maintain skin health

  • Customized grooming styles for comfort and convenience

By combining professional care with at-home maintenance, pet owners can ensure their furry companions stay both physically and emotionally well.

To read the full article on how grooming affects your pet’s mood, visit the website here

Pet owners looking for a trusted grooming partner can schedule an appointment with Unleashed Spa by visiting https://www.unleashedspa.com.

About Unleashed Spa:
Founded in 2008 by Kim Gallagher and her son Alec Perin, Unleashed Spa is a family-owned pet grooming salon in New York City’s East Village. With a focus on safety, comfort, and personalized care, the salon has earned a reputation as one of the top grooming destinations in NYC, offering expert services for both dogs and cats.

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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