Odaily News According to official news, BitDeer announced that it has reached an equity subscription agreement of approximately US$150 million with Tether International Limited ("Tether"), designing 8,587,360 Class A common shares and warrants. Tether intends to purchase up to 5,000,000 additional shares at a price of US$10.00 per share. This round of private equity subscription transactions will be completed on May 30, 2024. It is reported that BitDeer's transaction will generate a total proceeds of US$100 million from the stock issuance, and if the warrants are fully exercised, it may provide an additional US$50 million.