Bitdeer: Mined 196 BTC in May, Bitcoin Holdings Reach 1,351
Bitdeer has released its unaudited mining and operations update for May 2025, revealing that it mined 196 Bitcoins, an 18.1% increase compared to April, bringing its current Bitcoin holdings to 1,351. In addition, Bitdeer disclosed that Tether exercised its warrants in May 2025, resulting in the company issuing 5,186,627 ordinary shares and receiving $50 million in cash proceeds. This transaction is related to the private placement that took place in May 2024.
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