New York, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Bitdeer launches its new feature, "ReMine," which offers a transparent transfer market for Bitdeer mining machine buyers and sellers. "ReMine" uses a peer-to-peer model crafted to meet users' needs for purchasing and transferring mining machines and related rights and benefits provided by Bitdeer. It enables flexible transfer of SEALMINER orders, SEALMINER priority purchase rights, and relevant rights and benefits. ReMine aims to provide users with a quick and hassle-free platform so that users can focus on what really matters: maximizing their mining potential.   Users can now easily access such functions through Bitdeer's official website and

- Production of approximately 35 EH/s of SEALMINER A2s through Q3 2025 remains on track.- ~7 EH/s of SEALMINER A2s allocated for external sale have been ordered by customers, including the full receipt of related down payments.- SEAL03 sample wafers with an anticipated chip efficiency of 10 J/TH expected in Q1 2025.- SEAL04 R&D remains on track to achieve industry leading efficiency of 5 J/TH with anticipated initial tape-out in Q3 2025. SINGAPORE, Jan. 08, 2025 (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 updat

- Anticipated ~35 EH/s of SEALMINER A2 Mass Production through Q3 2025 - 1.1 GW of New Power Capacity On Track to Come Online in 2025 - Closed US$400 million Convertible Senior Notes Offering to Accelerate SEALMINER Development and Production SINGAPORE, Dec. 05, 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 November 2024. Operational Update Self-mined Bitcoin: 150 Bitcoins.Mining Rig Manufacturing and R&D: SEALMINER A1: Mass production of approximately 3.7 EH/s of mining rigs is on track with

SINGAPORE, Nov. 22, 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 the pricing of US$360.0 million principal amount of 5.25% Convertible Senior Notes due 2029 (the "notes") in a private placement (the "offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The Company has also granted the initial purchasers of the notes an option to purchase, within a 13-day period beginning on, and including, the date on which the notes are first i

SINGAPORE, Nov. 21, 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 intends to offer, subject to market conditions and other factors, US$360.0 million principal amount of Convertible Senior Notes due 2029 (the "notes") in a private placement (the "offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The Company also intends to grant the initial purchasers of the notes an option to purchase, within a 13-day period beginning

SINGAPORE, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Bitdeer AI, part of Bitdeer Technologies Group (NASDAQ:BTDR), an emerging AI cloud service provider, is proud to announce its inclusion in the Top 100 Software Companies of 2024, ranked 8 in the Cloud Management by The Software Report. The Software Report's Top 100 Software Companies award is a prestigious recognition of excellence in the software industry, grounded in a rigorous evaluation of product functionality, customer satisfaction, corporate reputation, innovation, and organizational strength. The selection process combines customer feedback with in-depth research, drawing insights from reputable platforms like Glassdoor, G2, and Capterr

SINGAPORE, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Bitdeer Technologies Group (NASDAQ:BTDR) ("Bitdeer" or the "Company"), a world-leading technology company for blockchain and high-performance computing, today released its unaudited financial and operational results for the third quarter ended September 30, 2024. Q3 2024 Financial Highlights Total revenue was US$62.0 million, compared to US$87.3 million in Q3 2023.Cost of revenue was US$59.2 million, compared to US$66.2 million in Q3 2023.Gross profit was US$2.8 million, compared to US$21.1 million in Q3 2023.Net loss was US$50.1 million, compared to US$1.8 million in Q3 2023.Adjusted EBITDA1 was negative US$8.5 million, compared to US$28.

- Launched SEALMINER A2 air and hydro-cooling models with 226 TH/s and 446 TH/s, respectively, and 16.5 J/TH efficiency- Anticipated near-term mass production of approximately 21.7 EH/s of SEALMINER A1 and A2 SINGAPORE, Nov. 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 October 2024. Operational Update Self-mined Bitcoin: 174 Bitcoins.Mining Rig Manufacturing and R&D: SEALMINER A1: Mass production in progress. Approximately 3.7 EH/s of machines to be manufactured and delivered by Ja

SINGAPORE, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Bitdeer Technologies Group (NASDAQ:BTDR), a world-leading technology company for blockchain and high-performance computing, officially unveiled its self-developed Bitcoin mining machine, the SEALMINER A2 series. As the second-generation product in the SEALMINER series, SEALMINER A2 mining machine is equipped with Bitdeer's independently developed second-generation chip, SEAL02. The A2 series achieves further breakthroughs, offering higher power efficiency ratios, enhanced technologies and improved stability, compared to the A1. The A2 series includes two models: the air-cooling SEALMINER A2 and the hydro-cooling SEALMINER A2 Hydro, designe

SINGAPORE, Oct. 29, 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 has scheduled its third quarter 2024 earnings conference call and webcast for Monday, November 18, 2024 at 8:00 AM EST. During the call, Bitdeer management will discuss the unaudited financial and operational results for the quarter ended September 30, 2024, followed by a question and answer session. Bitdeer will release the third quarter results before the call at approximately 7:00 AM EST on November 18, 2024. A copy of the earnings release will be available on the Com

Northland Capital initiated coverage of Bitdeer Technologies with a rating of Outperform and set a new price target of $13.00

Alliance Global Partners initiated coverage of Bitdeer Technologies with a rating of Buy and set a new price target of $14.00

Rosenblatt resumed coverage of Bitdeer Technologies with a rating of Buy and set a new price target of $9.00

Cantor Fitzgerald initiated coverage of Bitdeer Technologies with a rating of Overweight and set a new price target of $13.00

Needham initiated coverage of Bitdeer Technologies with a rating of Buy and set a new price target of $14.00

Rosenblatt initiated coverage of Bitdeer Technologies with a rating of Buy and set a new price target of $10.50

The Benchmark Company initiated coverage of Bitdeer Technologies with a rating of Buy and set a new price target of $13.00

BTIG Research initiated coverage of Bitdeer Technologies with a rating of Buy and set a new price target of $15.00

B. Riley Securities initiated coverage of Bitdeer Technologies with a rating of Buy and set a new price target of $9.00

ROTH MKM initiated coverage of Bitdeer Technologies with a rating of Buy and set a new price target of $14.00

SINGAPORE, Oct. 29, 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 has scheduled its third quarter 2024 earnings conference call and webcast for Monday, November 18, 2024 at 8:00 AM EST. During the call, Bitdeer management will discuss the unaudited financial and operational results for the quarter ended September 30, 2024, followed by a question and answer session. Bitdeer will release the third quarter results before the call at approximately 7:00 AM EST on November 18, 2024. A copy of the earnings release will be available on the Com

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. The transaction generated $100 million in gross proceeds from the share issuance and could provide an additional $50 million if the warrant is fully exercised. The warrant is subject to

SINGAPORE, March 29, 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 financial results for the year ended December 31, 2023. Full Year 2023 Financial Highlights Total revenue was US$368.6 million, compared to US$333.3 million in 2022.Net loss was US$56.7 million, compared to US$60.4 million in 2022.Adjusted profit was US$22.0 million, compared to US$30.3 million in 2022.Adjusted EBITDA was US$100.3 million, compared to US$93.2 million in 2022.Cash and cash equivalents were US$144.7 million as of December 31, 2023. Linghui Kong, Chief

SINGAPORE, May 16, 2023 (GLOBE NEWSWIRE) -- Bitdeer Technologies Group (NASDAQ:BTDR) ("Bitdeer" or the "Company"), a world-leading technology company for the cryptocurrency mining community, today announced its unaudited financial results for the first quarter ended March 31, 2023. Linghui Kong, Chief Executive Officer of Bitdeer, commented, "We continued to deliver robust performance and maintained a sufficient cash flow during the first quarter, despite macroeconomic and crypto-market headwinds. While we recorded a net loss of $9.5 million, our non-IFRS adjusted profit was $2.8 million and non-IFRS adjusted EBITDA was $18.5 million. At the operational level, we proactively optimized our

SINGAPORE, April 20, 2023 (GLOBE NEWSWIRE) -- Bitdeer Technologies Group (NASDAQ:BTDR) ("Bitdeer" or the "Company"), a world-leading technology company for the cryptocurrency mining community, today announced its financial results for the year ended December 31, 2022. Full Year 2022 Financial and Operational Highlights Total revenue was $333.3 million in 2022, compared to $394.7 million in 2021, primarily due to a decrease in revenue generated from proprietary mining, sales of mining machines, and Cloud Hash Rate, partially offset by an increase in revenue generated from three types of hosting services, which was partially driven by an expansion of the Company's minin

SINGAPORE, Feb. 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 January 2024. Linghui Kong, Chief Executive Officer of Bitdeer, commented, "During January, we made important progress towards building for the future while delivering solid results in our core business. We mined 330 Bitcoins in total in January, an increase of 123.0% from the same period last year. At the same time, our month-over-month production declined as a result of lower average transaction fees and the curtailments at our G

SINGAPORE, Jan. 29, 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 the appointment of Mr. Jihan Wu, the Company's Founder and Chairman of its Board of Directors (the "Board"), as Chief Executive Officer of the Company, effective on March 1, 2024. In addition to his new role as Chief Executive Officer, Mr. Jihan Wu will remain as Chairman of the Company's Board. The Company's current Chief Executive Officer Mr. Linghui Kong will transition to the role of Chief Business Officer and will continue to serve as a member of the Company's Board, also ef

SINGAPORE / ACCESSWIRE / January 23, 2024 / Singapore-based Bitdeer Technologies Group (NASDAQ:BTDR) reports having the largest global footprint of any publicly traded Bitcoin miner, but it is still making strides in its expansion. As just one facet of its growth, the company reported a threefold increase in Bitcoin mining activities in September 2023, a surge that was largely attributed to its newly operational mining data center in Gedu, Bhutan. This data center, while seen as an unconventional choice, has proven to be a substantial part of Bitdeer's success in expanding its mining operations. Surge in Mining ActivitiesBitdeer's mining ventures have seen growth over the past years, with t

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