Bitdeer Technologies Group (NASDAQ:BTDR), a leader in Bitcoin mining and AI cloud solutions, received a $100 million investment from Tether International Limited. This substantial capital injection positions Bitdeer for substantial growth in the Bitcoin mining sector. Details of the Investment The deal, finalized in May, involves Tether acquiring 18,587,360 of Bitdeer’s Class A ordinary shares and a warrant to purchase an additional 5,000,000 shares at $10.00 each. Cantor Fitzgerald facilitated this private placement, potentially bringing in another $50 million if Tether exercises its warrant within the next year. Leadership Comments Linghui Kong, Bitdeer's chief business officer, expressed enthusiasm about Tether's investment, stating: “This substantial investment demonstrates confidence in our vision and the strength of our extensive global operations. With Tether's support, we are poised to accelerate our growth and continue our leadership in sustainable and efficient Bitcoin mining.”