Bitdeer Reports Strong Bitcoin Mining and Tether Investment Growth

Bitdeer recently released its unaudited mining and operations update for May 2025, revealing significant gains across key metrics. The company mined 196 Bitcoins during the month, marking a remarkable 18.1% increase from April’s output. This represents a substantial boost to their Bitcoin holdings, now standing at 1,351 coins. Furthermore, Bitdeer disclosed that Tether exercised its warrants in May 2025, leading to the issuance of 5,186,627 common shares and generating $50 million in cash. This transaction is linked to a private financing event held in May 2024.