Stablecoin giant Tether has increased its stake in Bitcoin mining company Bitdeer (BTDR), according to a new filing with the US SEC. The document states that Tether and its subsidiaries now own a total of 31,891,689 Class A common shares in Bitdeer, representing 21.4% of the company’s total outstanding shares.
Bitdeer Introduces SEALMINER A3 Chip
Tether, known for its USDT stablecoin, has been aggressively expanding into bitcoin mining, energy, and AI investments in recent years. Bitdeer, founded by Jihan Wu, is looking to vertically integrate its bitcoin mining operations, spanning everything from silicon to energy. The company recently unveiled the SEALMINER A3 chip. However, Bitdeer (BTDR) shares have fallen more than 50% this year, trading at $10.35 at the time of writing.
Bitdeer’s new product, the SEALMINER A3, has demonstrated a power efficiency of 9.7 J/TH in testing, potentially outperforming the S21XP Hydro in efficiency. The upcoming SEALMINER A4, which will use Bitdeer’s new chip architecture, is expected to achieve an even more impressive 5 J/TH, making it the most efficient ASIC miner on the market.
In May, Bitdeer raised $100 million from Tether to expand its data centers and develop its own mining hardware. In June, the company acquired semiconductor design firm Desiwe for $140 million in an all-stock deal.
Bitdeer Launches SEAMLINER A2 Pro Series
Additionally, the company recently announced the launch of its latest line of Bitcoin mining machines, the SEALMINER A2 Pro series. The SEALMINER A2 Pro series, an upgraded version of the A2, includes two models: the air-cooled SEALMINER A2 Pro Air and the water-cooled SEALMINER A2 Pro Hyd. Both models deliver an impressive power efficiency of 14.9 J/TH, showcasing outstanding efficiency, cutting-edge technology, and improved stability.
Bitdeer aims to improve transparency and efficiency in the mining industry by investing in research, development, and technological innovation. The company aims to provide reliable and efficient solutions for miners and will continue to focus on “Innovation, Efficiency, and Stability” to deliver high-quality products and services to global miners.
Source: cryptonews.net
