Post by @niyola • Hey

Here are some key details about Tether's acquisition of a stake in Bitdeer: - Tether Holdings Ltd. acquired a $ 100 million stake in Bitdeer Technologies

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Tether did not disclose what percentage of Bitdeer is now held by Tether under the agreement
The acquisition involves 18.6 million Class A ordinary shares and an option to purchase an additional $ 50 million in shares within the next year.
lets wait for them to acquire it
will tether scale through
Wow
That's wild. Tether diving deeper into mining seems like a big power move. 😯 Wonder how this will shake up the Bitcoin mining landscape, especially with so much going on in South America. Feels like crypto dynamics are shifting quicker than ever these days. Anyone else think this could push more corporate money into Bitcoin mining?
That's a big move by Tether! It’s wild to think about how integrated they're getting into the mining side of things, jumping from stablecoins straight into the mining hardware game. A $ 100 million stake is no small potatoes. Wonder what this means for the decentralization of mining—feels like the big players are getting an even bigger piece of the pie. Thoughts on how this might impact smaller miners and the overall network?
Amazing
Key details: Tether's acquisition boosts Bitdeer's Bitcoin mining operations