Bitdeer Reports Increase in Bitcoin Mining and Tether Investment

According to BlockBeats, Bitdeer has released its unaudited mining and operations update for May 2025. The report reveals that the company mined 196 Bitcoins, marking an 18.1% increase from April. Bitdeer's current Bitcoin holdings stand at 1,351. Additionally, Bitdeer disclosed that Tether exercised its warrants in May 2025, resulting in the issuance of 5,186,627 common shares and generating $50 million in cash. This transaction is related to a private financing event that occurred in May 2024.