Tether, the world's largest stablecoin operator, has made a significant investment in Bitdeer, a cryptocurrency mining firm, securing up to $150 million in shares. This partnership aims to accelerate technological advancements in Bitcoin mining and infrastructure.

Tether's initial purchase involves 18,587,360 Class A ordinary shares, with an option to acquire up to 5,000,000 more shares for $10.00 each. This substantial investment has boosted Bitdeer's stock price, jumping over 4% to $6.08 in pre-market trading. The funds will be used for key projects, including expanding data centers and developing specialized ASIC-based mining rigs, significantly enhancing Bitdeer's capabilities in sustainable and efficient Bitcoin mining.

Bitdeer's chief business officer, Linghui Kong, expressed enthusiasm about Tether's investment, stating that it will accelerate their growth and leadership in sustainable and efficient Bitcoin mining. This partnership brings in the necessary capital and endorses Bitdeer's approach and technology in the competitive mining sector.

Tether's CEO, Paolo Ardoino, highlighted the strategic fit between the two companies, noting Bitdeer's strong position in the market backed by cutting-edge technology and a robust R&D team. The expectation is that both companies will closely collaborate to enhance infrastructure critical to the Bitcoin mining industry.

This investment aligns with Tether's recent initiatives to diversify its investments across various sectors, including technology and Europe. Earlier reports revealed Tether's $200 million investment in Blackrock Neurotech, aimed at advancing brain-computer interface technology. Additionally, the stablecoin issuer has announced plans to expand its European footprint by investing in the payment processing platform CitiPay.io.