Tether purchases $100 million of shares in Bitcoin miner Bitdeer

The deal includes a warrant for Tether to buy an additional $50 million of shares in the next 12 months.

Bitcoin mining and AI cloud solutions firm Bitdeer Technologies Group entered into an agreement with Tether for the private sale of up to $150 million of its shares on Thursday.

It also included a warrant for Tether to buy up to 5 million more shares at the price of $10 per share. The warrant, if fully utilized, would see the company raise another $50 million. It’s subject to customary anti-dilution provisions and can be carried out at Tether’s discretion within 12 months. Bitdeer’s Chief Business Officer Linghui Kong said that the investment from Tether “demonstrates confidence in our vision and the strength of our extensive global operations.”

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