Bitdeer mined 196 Bitcoins in May, a rise of 18.1%. Tether exercised warrants for $50 million.

Bitdeer announced its unaudited mining and operations update report for May 2025, which disclosed 196 self-mined bitcoins, an increase of 18.1% from April, and the current bitcoin holdings reached 1,351. In addition, Bitdeer also disclosed that Tether exercised its warrants in May 2025 and the company issued 5,186,627 shares of common stock and received $50 million in cash as proceeds, in connection with a private placement that occurred in May 2024.

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