Tether has significantly expanded its involvement in bitcoin mining through partnerships with Bitdeer and OCEAN. The company increased its stake in Bitdeer to 21% with a $32 million investment, further fueling its efforts to boost Bitcoin’s security and economic potential. This initiative also reinforces Tether’s commitment to decentralizing the network and mitigating the risks of centralization. Key players involved include Jihan Wu, founder of Bitdeer, and Luke Dashjr, founder of OCEAN. The partnership utilizes OCEAN’s infrastructure to route Tether’s hashrate, promoting decentralized mining practices. This move is expected to further diversify Bitcoin mining operations, potentially reducing reliance on single entities and fostering a more resilient network overall. This strategic investment may also signal a shift towards increased institutional involvement in decentralized mining and could lead to greater market stability and demand for Bitcoin.