According to a recent submission with the A SEC, Stablecoin Giant Tether has increased its interest in Bitcoin Mining Firm Bitdeer (BTDR). This filing shows that Tether and its subsidiaries currently hold a total of 31,891,689 Class A common stock of Bitdeer, accounting for 21.4% of the Company’s outstanding shares.
Bitdeer reveals SealMiner A3 chip
Tether, known for its Stablecoin USDT, has expanded into Bitcoin mining, energy and AI investments in recent years. Founded by Jihan Wu, Bitdeer aims to vertically integrate Bitcoin mining operations that cover everything from silicon to energy. The company recently announced the SealMiner A3 chip. However, Bitdeer’s stock (BTDR) has dropped more than 50% this year, trading at $10.35 at the time of writing.
Bitdeer’s latest product, the Sealminer A3, achieves a power efficiency of 9.7 j/Th in testing, potentially outperforming the S21XP hydro. However, the upcoming Sealminer A4, which uses Bitdeer’s new chip architecture, is expected to reach an even more impressive 5 j/Th, making it the most efficient ASIC miner on the market.
In May, Bitdeer received a $100 million investment from Tether to help expand its data center and develop its own mining hardware. In June, the company acquired semiconductor design company Desiwe for $140 million.
Bitdeer releases the Seamliner A2 Pro series
In addition, we have recently announced the release of the latest self-developed Bitcoin mining machine, the Sealminer A2 Pro series. The SealMiner A2 Pro series, an updated version of the A2, includes two models. Air-cooled Sealminer A2 Pro Air and Hydro-Cooled Sealminer A2 Pro Hyd. Both models offer impressive power efficiency at 14.9 j/th, featuring better efficiency, advanced technology and improved stability.
Bitdeer is dedicated to increasing the transparency and efficiency of the mining industry by investing in research, development and innovation. The company aims to provide reliable and efficient solutions to miners, and will continue to focus on “innovation, efficiency and stability” to provide high-quality products and services to miners around the world.
