News list for "Bit deer"

Bitcoin mining company Bitdeer will acquire ASIC chip design company Desiweminer in a $140 million all-stock deal. It is reported that BTDR has agreed to acquire all outstanding shares of Desiweminer for 20 million shares of Class A common stock BTDR on June 3.

2024-06-06 12:33:02

BitDeer Technology Group (NASDAQ: BTDR) announced a private placement of 18,587,360 shares of Class A common stock with Tether International Limited ("Tether"), accompanied by warrants to purchase up to an additional 5,000,000 shares for $10.00 each. The private placement closes on May 30, 2024. The transaction generates $100 million in total proceeds from the stock offering and can provide an additional $50 million if...

2024-05-31 12:06:54

BitDeer announced unaudited financial results and operating updates for Quarter 1 2024. Quarter 1's total revenue was $119.50 million, compared to $72.60 million for Quarter 1 2023. Total revenue increased by 64.6% year over year. Net profit was $600,000, compared to a net loss of $9.50 million and adjusted profit of $8.40 million for Quarter 1 2023, compared to $2.80 million for Quarter 1 2023. Cash and cash equivalents were $118.50 million as of March 31, 2024.

2024-05-13 12:53:56

BitDeer announced an operational update for April 2024. It issued 265 bitcoins in April, an increase of 13.7% over the same period last year and a decrease of 9.9% from March 2024. The month-on-month decline is related to the impact of the latest bitcoin halving event. At present, the company is converting its acquired cryptocurrency into fiat currency in a timely manner.

2024-05-07 13:20:24