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 ans ...

Exhibit 99.1 Bitdeer Reported Unaudited Financial Results for the Second Quarter of 2024 August 12, 2024 • Revenue of US$99.2 million and gross margin of 24.6% • Adjusted EBITDA of US$24.9 million, up 33.2% YoY SINGAPORE, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Bitdeer Technologies Group (NASDAQ: BTDR) (" Bitdeer" or the " Company"), a world-leading technology company for blockchain and high-performance computing, today issued a letter to shareholders along with its unaudited financial and operational results for ...

Core Insights - Bitdeer Technologies Group has launched its AI Training Platform, which utilizes NVIDIA's advanced GPU technology to enhance AI model training efficiency [1][2][3] - The platform is designed to support large-scale AI model training, enabling users to leverage high-performance computing resources for AI development [2][3] Group 1: AI Training Platform Features - The Bitdeer AI Training Platform integrates NVIDIA's H100 GPUs and DGX SuperPOD architecture, facilitating high-speed data processing and model training [2] - It supports popular AI frameworks such as TensorFlow and PyTorch, allowing developers to build and deploy AI models effectively [2][3] - The platform aims to provide a robust environment for AI model training, ensuring stability and performance for users [2][3] Group 2: Market Position and Strategy - Bitdeer AI positions itself as a leading provider of AI training solutions, leveraging NVIDIA's technology to enhance its offerings [1][3] - The company is focused on expanding its capabilities in the AI sector, aiming to attract a diverse range of clients seeking advanced AI training solutions [1][2] - By utilizing cutting-edge technology, Bitdeer AI aims to establish a competitive edge in the rapidly growing AI market [1][2]

SINGAPORE, Aug. 16, 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 its underwritten public offering (the “Offering”) of US$150,000,000 aggregate principal amount of 8.50% convertible senior notes due 2029 (the “Notes”). The sale of the Notes is expected to close on August 20, 2024, subject to customary closing conditions. The Company also granted ...

Core Viewpoint - Bitdeer Technologies Group is proposing a public offering of US$150 million in convertible senior notes due 2029, with an additional option for underwriters to purchase up to US$22.5 million to cover over-allotments, aimed at funding datacenter expansion and other corporate purposes [1][2]. Group 1: Offering Details - The offering consists of US$150 million aggregate principal amount of convertible senior notes, maturing on August 15, 2029, unless converted or redeemed earlier [1][2]. - The notes will be senior, unsecured obligations, and holders can convert them into cash, Class A ordinary shares, or a combination of both prior to maturity [2]. - The interest rate and initial conversion rate will be determined at the time of pricing [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for datacenter expansion, development of ASIC-based mining rigs, working capital, and other general corporate purposes [2]. Group 3: Underwriters and Regulatory Compliance - BTIG is the book-running manager for the offering, with A.G.P./Alliance Global Partners acting as co-manager [3]. - The offering will be made under an effective shelf registration statement filed with the SEC, with related documents available on the SEC's website [3][4]. Group 4: Company Overview - Bitdeer is a leading technology company focused on blockchain and high-performance computing, providing comprehensive computing solutions including datacenter design and construction [5]. - The company operates datacenters in the United States, Norway, and Bhutan, and offers advanced cloud capabilities for high-demand artificial intelligence applications [5].

SINGAPORE, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Bitdeer AI, part of Bitdeer Technologies Group (NASDAQ: BTDR), a leading AI Cloud service provider, has announced the launch of its advanced AI Training Platform, designed to provide fast and scalable AI/ML inference with serverless GPU infrastructure. With the newest AI Training Platform, Bitdeer AI becomes one of the first NVIDIA Cloud Service Providers (CSP) in Asia to offer both cloud service and an AI training platform. The Bitdeer AI Training Platform empow ...

Bitdeer Technologies Group (BTDR) came out with quarterly earnings of $0.03 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.03 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this company would post earnings of $0.08 per share when it actually produced earnings of $0.08, delivering no surprise.Over the last four quarters, the company has surpassed consensus EPS estimates just once.BITDEER TEC GRP, which belong ...

Revenue of US$99.2 million and gross margin of 24.6%Adjusted EBITDA of US$24.9 million, up 33.2% YoY SINGAPORE, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Bitdeer Technologies Group (NASDAQ: BTDR) (“Bitdeer” or the “Company”), a world-leading technology company for blockchain and high-performance computing, today issued a letter to shareholders along with its unaudited financial and operational results for the second quarter ended June 30, 2024. Q2 2024 Financial Highlights Total revenue was US$99.2 million, compare ...

- Engaged TLM Group, a leading consultant in HPC/AI datacenter engineering and construction, to accelerate monetization of Bitdeer's 2.5 GW power portfolio- Remains on track to deploy 3.4 EH/s of SEALMINER ASICs for self-mining by year-end SINGAPORE, Aug. 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 July 2024. ...

Bitdeer Technologies Group (BTDR) shares ended the trading session on Monday 7.6% higher at $12.42. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 58.1% gain over the past four weeks.The stock is benefiting from the company’s increased revenue generation capacity due to strong self-mining business resulting from increased self-mining hash rate and Bitcoin production.This company is expected to post quarterly earni ...