Tether increases its stake in Bitcoin mining company Bitdeer

According to documents submitted to the U.S. Securities and Exchange Commission, stablecoin issuer Tether has increased its holdings in Bitcoin mining company Bitdeer (BTDR). The documents show that Tether and its subsidiaries, Tether International, SA de CV and Tether Investments, SA de CV currently hold a total of 31,891,689 Class A common shares in Bitdeer, representing 21.4% of the company's issued shares. Tether is 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 seeking vertical integration from silicon to energy for its Bitcoin mining business. Bitdeeer recently announced test results for its SEALMINER A3 chip; it performed below 10 J/TH in laboratory tests.