Bitdeer gains $150 million from Tether for ASIC-based mining rig development

Stablecoin issuer Tether has entered into an agreement to acquire up to $150 million worth of shares from prominent Bitcoin mining firm Bitdeer via a private placement deal, according to a May 31 statement. Under the agreement, Tether has acquired 18,587,360 Class A ordinary shares from the BTC miner for $100 million. It could purchase […] source: https://cryptoslate.com/bitdeer-gains-150-million-from-tether-for-asic-based-mining-rig-development/