News list for "Bit deer"
On April 22nd, it was reported that BitDeer is increasing its financial leverage and fully advancing its bitcoin ASIC mining machine manufacturing plan. According to its latest annual report, the company has raised a total of 179 million US dollars through loans and stock issuance. The company has signed a loan agreement of up to 200 million US dollars with Matrixport, and issued 6 million Class A shares earlier this year to raise 118.80 million US dollars.
According to Bloomberg, Nasdaq-listed bitcoin mining company Bitdeer plans to take advantage of the 90-day tariff moratorium period to ship mining machines from South East Asia to the United States, and start a U.S. manufacturing plant in the second half of this year to start production in the United States. The company will focus on using mining machines for its own mining, rather than selling them to other miners. The company is also expanding its global presence, entering new markets such as ...
BitDeer announces the technology roadmap for the SEALMINER bitcoin miner. SEAL01 chip energy efficiency 18.1J/TH, released in Q1 2024. The first batch is expected to be delivered in mass production in Q3 2024. SEAL02 chip is scheduled to be launched in Q3 2024, and the chip energy efficiency is expected to be 14J/TH. The second generation SEALMINER miner is expected to start mass production delivery in Q4 2024. SEAL03 is scheduled to be launched in Q4 2024, and the chip energy efficiency is expe...
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.
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...
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.
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.
