Tether, well-known as the issuer of the major stablecoin USDT, is actively expanding its presence in the cryptocurrency mining market. A recent report filed with the U.S. Securities and Exchange Commission (SEC) reveals that Tether has increased its stake in Singapore-based Bitdeer. Currently, Tether owns 21.4% of the miner's shares, achieved through the acquisition of over 1.8 million shares within the last two months.

Brazilian mining giant Vale $VALE, internationally recognized as one of the largest iron ore producers, has revealed its financial results that highlight a daunting setback. The company reported a substantial quarterly net loss due to significant asset impairments in Canada, a move that has reshaped its financial standing and raised concerns among investors and analysts alike.