SINGAPORE, Feb. 28, 2025 — Bitdeer Technologies Group (Nasdaq: BTDR), a leading global technology firm in blockchain and high-performance computing, announced today that it completed a share repurchase of approximately US$9.0 million on February 27, 2025. This fulfilled its US$10,000,000 share repurchase program, which was approved in September 2024. The company’s board of directors has now authorized a new share repurchase program, allowing the company to buy back up to an additional US$20,000,000 of its Class A ordinary shares (“Shares”) from February 28, 2025, through February 28, 2026.
Under the new program, Bitdeer can repurchase its Shares through various methods, including open market transactions, private agreements, a combination of both, or other legally compliant means according to applicable federal securities laws. These laws include Rule 10b5-1 and Rule 10b-18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), Regulation M under the Exchange Act, and certain at-market issuance sales agreements. The quantity of Shares repurchased and the timing of these repurchases will depend on several factors. These include, but are not limited to, the share price, trading volume, general market conditions, Bitdeer’s working capital needs, overall business conditions, adherence to federal securities laws (including Regulation M), compliance with the company’s obligations under existing at-market issuance sales agreements, and other relevant considerations. Bitdeer’s board will regularly review the share repurchase program and may change, suspend, or end it at any time. The company intends to use its current cash reserves to fund these repurchases. By implementing the share repurchase program gradually, Bitdeer aims to lessen the impact on its share price and increase long-term shareholder returns.
About Bitdeer Technologies Group
Bitdeer is a world-leading technology company for blockchain and high-performance computing. Bitdeer is committed to providing comprehensive computing solutions for its customers. The Company handles complex processes involved in computing such as equipment procurement, transport logistics, datacenter design and construction, equipment management, and daily operations. The Company also offers advanced cloud capabilities to customers with high demand for artificial intelligence. Headquartered in Singapore, Bitdeer has deployed datacenters in the United States, Norway, and Bhutan. To learn more, visit or follow Bitdeer on X @ and LinkedIn @ .
Investors and others should note that Bitdeer may announce material information using its website and/or on its accounts on social media platforms, including X, formerly known as Twitter, Facebook, and LinkedIn. Therefore, Bitdeer encourages investors and others to review the information it posts on the social media and other communication channels listed on its website.
Forward-Looking Statements
Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. The words “anticipate,” “look forward to,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including factors discussed in the section entitled “Risk Factors” in Bitdeer’s annual report on Form 20-F, as well as discussions of potential risks, uncertainties, and other important factors in Bitdeer’s subsequent filings with the U.S. Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof. Bitdeer specifically disclaims any obligation to update any forward-looking statement, whether due to new information, future events, or otherwise. Readers should not rely upon the information on this page as current or accurate after its publication date.
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