Bitdeer TechnologiesNASDAQ: BTDR

SINGAPORE, June 28, 2024 (GLOBE NEWSWIRE) -- Bitdeer Technologies Group (Nasdaq: BTDR) (“Bitdeer” or the “Company”), a world-leading technology company for blockchain and high-performance computing, is pleased to announce that the Company has entered into a lease agreement with the Monroe County Port Authority (MCPA) to secure up to 570 MW of additional power capacity. This strategic partnership significantly increases Bitdeer's total capacity to 2.5 GW globally and strengthens Bitdeer's infrastructure development pipeline for Bitcoin mining and high-performance computing (HPC) and AI.

BITDEER TEC GRP (BTDR) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Expects to mass produce innovative ultra efficient 5J/TH chips by Q4 2025 with investments in R&D Expects to mass produce innovative ultra efficient 5J/TH chips by Q4 2025 with investments in R&D

SINGAPORE, June 06, 2024 (GLOBE NEWSWIRE) -- Bitdeer Technologies Group (NASDAQ: BTDR) (“Bitdeer” or the “Company”), a world-leading technology company for blockchain and high-performance computing, today announced that it entered into a share purchase agreement (the “Agreement”) with FreeChain Inc. (“Desiweminer”), a fabless crypto ASIC design company, on June 3, 2024 to acquire all of the issued and outstanding shares of Desiweminer for a consideration of 20 million Class A ordinary shares of the Company (the “Bitdeer Shares”). A portion of the Bitdeer Shares to be issued pursuant to the Agreement will vest in equal instalments over a period of five or seven years, subject to the terms and conditions therein. Additionally, 50% of the Bitdeer Shares issued to certain sellers under the Agreement cannot be transferred for a period of six months following the closing, and the remaining 50% of the Bitdeer Shares issued to such sellers cannot be transferred for a period of twelve months following the closing.

SINGAPORE, June 06, 2024 (GLOBE NEWSWIRE) -- Bitdeer Technologies Group (NASDAQ: BTDR) (“Bitdeer” or the “Company”), a world-leading technology company for blockchain and high-performance computing, today announced its unaudited mining and operations updates for May 2024.

SINGAPORE, May 31, 2024 (GLOBE NEWSWIRE) -- Bitdeer Technologies Group (Nasdaq: BTDR) (“Bitdeer” or the “Company”), a world-leading technology company for blockchain and high-performance computing, today announced that it entered into a subscription agreement with Tether International Limited (“Tether”) for the private placement of 18,587,360 Class A ordinary shares and a warrant to purchase up to 5,000,000 additional shares at $10.00 per share. The closing of the private placement occurred on May 30, 2024.

Bitdeer Technologies Group (BTDR) reported earnings of $0.08 per share for the quarter, which matched the Zacks Consensus Estimate. This is an improvement from earnings of $0.00 per share in the same quarter last year.

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