Cantor Fitzgerald & Co. is acting as the placement agent for the private placement.
Bitdeer’s Capabilities and Operations
Bitdeer handles complex processes involved in computing, such as equipment procurement, transport logistics, data center design and construction, equipment management, and cloud capabilities.
Tether’s Commitment to Stable Value
Tether is a cryptocurrency designed to maintain a stable value relative to real-world currency. The company describes itself as the creator “of the largest, most transparent, and liquid stablecoin in the industry… dedicated to building sustainable and resilient infrastructure for the benefit of underserved communities.”
Tether invests $150M in Crypto Miner Bitdeer : Statements from Tether
“We regard Bitdeer as one of the strongest vertically integrated operators in the Bitcoin mining industry, differentiated by its cutting-edge technologies, and a robust R&D organization,” said Paolo Ardoino, CEO of Tether, in a statement. “Bitdeer’s proven track record and world-class management team are perfectly aligned with Tether’s long-term strategic vision. We anticipate close collaboration with Bitdeer across several key infrastructure areas moving forward.”
