Bitdeer Announces US$1,000,000 Share Repurchase Program
June 16 2023 - 7:00AM
Bitdeer Technologies Group (“Bitdeer” or the “Company”) (NASDAQ:
BTDR), a world-leading technology company for the cryptocurrency
mining community, today announced that its board of directors has
approved a share repurchase program under which the Company may
repurchase up to US$1,000,000 worth of its Class A ordinary shares
(the “Shares”), effective through September 15, 2023.
Under the share repurchase program, Bitdeer may
purchase its Shares through various means, including open market
transactions, privately negotiated transactions, any combination
thereof or other legally permissible means. The Company may effect
repurchase transactions in compliance with Rule 10b5-1 and Rule
10b-18 of the Securities Exchange Act of 1934, as amended. The
number of Shares repurchased and the timing of repurchases will
depend on a number of factors, including, but not limited to,
price, trading volume, and general market conditions, along with
Bitdeer’s working capital requirements, general business conditions
and other factors. Bitdeer’s board of directors will review the
share repurchase program periodically, and may modify, suspend or
terminate the share repurchase program at any time. The Company
plans to fund repurchases from its existing cash balance. By
gradually executing the share repurchase program, Bitdeer seeks to
minimize the impact on its share price and generate greater
long-term returns for its shareholders.
About Bitdeer Technologies
Group
Bitdeer is a world-leading technology company
for the cryptocurrency mining community headquartered in Singapore.
Bitdeer has committed to providing comprehensive digital asset
mining solutions for its customers. Bitdeer handles complex
processes involved in mining such as miner procurement, transport
logistics, mining datacenter design and construction, mining
machine management and daily operations. Bitdeer has mining
datacenters deployed in the United States and Norway. To learn
more, visit https://ir.bitdeer.com/.
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.
Media Inquiries:
pr@bitdeer.com
ContactsInvestor RelationsRobin Yang,
PartnerICR, LLCEmail: Bitdeer.ir@icrinc.com Phone: +1 (212)
537-5825
Public RelationsBrad Burgess, SVPICR, LLCEmail:
Bitdeer.pr@icrinc.comPhone: +1 (212) 537-4056
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