SINGAPORE, March 04, 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 successful testing of its first Bitcoin mining chip, the SEAL01. Powerfully efficient, SEAL01 is designed for integration into Bitdeer's new SEALMINER A1 mining machines. The SEAL01 chip is created using an advanced 4-nanometer process technology in partnership with a world-leading semiconduc ...

NEW YORK, Feb. 09, 2024 (GLOBE NEWSWIRE) -- FMW Media's New to The Street announces its TV broadcasts of its corporate interviews as sponsored programming on Bloomberg TV and the FOX Business Network; the first show airs on Saturday, February 10, 2024, at 6:30 PM ET. New to The Street airs Episode 554 on Bloomberg TV as a sponsored programming Saturday, February 10, 2024, at 6:30 PM ET; it features the following four (4) corporate interviews: 1). Decentralized Supercomputing – Dynex's (CRYPTO: DNX) ($DNX) i ...

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 ...

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 participation in a virtual fireside chat hosted by H.C. Wainwright & Co. on Wednesday, February 7, 2024 at 2:00 p.m. ET. Haris Basit, Bitdeer's Chief Strategy Officer, and Jeff LaBerge, Bitdeer's Head of Capital Markets & Strategic Initiatives, will discuss the Company's Bitcoin mining operati ...

SINGAPORE, Jan. 24, 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 been named as one of Singapore's Fastest Growing Companies 2024. The annual ranking is conducted by The Straits Times and Statista and recognizes a wide range of firms notable for rapid growth and commitment to the local economy. Bitdeer is also the first blockchain company to receive ...

TABLE OF CONTENTS As filed with the Securities and Exchange Commission on September 18, 2023 Registration No. 333-273905 (Translation of Registrant's name into English) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 PRE-EFFECTIVE AMENDMENT NO. 1 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Bitdeer Technologies Group (Exact name of Registrant as specified in its charter) Not Applicable Cayman Islands 6770 Not Applicable (State or Other Jurisdiction of Incorpora ...

TABLE OF CONTENTS As filed with the Securities and Exchange Commission on August 11, 2023 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Bitdeer Technologies Group (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrant's name into English) Cayman Islands 6770 Not Applicable (State or Other Jurisdiction of Incorporation or Organization) (Primary Standard In ...

Exhibit 99.1 Bitdeer Reports Unaudited Financial Results for the First Quarter of 2023 and Operational Update SINGAPORE – May 15, 2023 – 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 ca ...

Financial Performance - Revenue increased by 111.7% from US$186.4 million in 2020 to US$394.7 million in 2021, but decreased to US$333.3 million in 2022 [325]. - The company incurred a net loss of US$60.4 million for the year ended December 31, 2022, following a net profit of US$82.6 million in 2021 [325]. - Adjusted EBITDA was US$93.2 million for the year ended December 31, 2022, down from US$281.8 million in 2021 [325]. - Total revenue for the year ended December 31, 2022, was $333,342, a decrease from $394,661 in 2021 [454]. - Gross profit for 2022 was $83,252, compared to $241,406 in 2021, indicating a significant decline [454]. - Revenue decreased by 15.6% from US$394.7 million for the year ended December 31, 2021, to US$333.3 million for the year ended December 31, 2022 [458]. - The company recorded a loss from operations of US$60.6 million for the year ended December 31, 2022, compared to a profit of US$130.8 million in 2021 [471]. Mining Operations - As of March 31, 2023, the total managing hash rate reached 18.3 EH/s, comprising 5.7 EH/s proprietary hash rate and 12.6 EH/s hosting hash rate [322]. - The company has established five proprietary mining datacenters in the United States and Norway, with a total electricity capacity of 795 MW as of March 31, 2023 [322]. - The company plans to expand its total electricity capacity to approximately 1,524 MW, including 179 MW under construction and 550 MW in the pipeline [332]. - The Texas mining datacenter has an operational capacity of 563MW and an additional 179MW under construction as of March 31, 2023 [366]. - The Norway mining datacenters have a combined operational capacity of 134MW, with plans to add 175MW from expansions [366]. - The company operates three proprietary mining datacenters in the U.S. and two in Norway, with a total electricity capacity of 795MW as of March 31, 2023 [364]. - The company expects to generate 100MW from the 550MW power supply "in the pipeline" from Bhutan, with construction of the mining datacenter starting in Q2 2023 and completing in Q3 2023 [368]. Revenue Streams - Proprietary mining revenue for the years ended December 31, 2020, 2021, and 2022 was US$88.5 million, US$191.7 million, and US$62.4 million, respectively [335]. - Cloud Hash Rate revenue for the years ended December 31, 2020, 2021, and 2022 was US$78.3 million, US$124.2 million, and US$121.3 million, respectively [337]. - Revenue from Cloud Hosting increased from US$2.9 million in 2020 to US$12.7 million in 2022 [340]. - General Hosting revenue grew significantly from US$18.3 million in 2021 to US$99.3 million in 2022 [341]. - Membership Hosting generated US$26.1 million in revenue for the year ended December 31, 2022, with no revenue prior to that [343]. - Revenue from proprietary mining decreased by 67.4% from US$191.7 million in 2021 to US$62.4 million in 2022, primarily due to a drop in Bitcoin prices and a decrease in the number of Bitcoins mined [459]. - Revenue from sales of mining machines decreased by 98.5% from US$45.7 million in 2021 to US$0.7 million in 2022, attributed to a reduction in the number of machines sold [460]. Cost and Expenses - Cost of revenue increased by 63.1% from US$153.3 million in 2021 to US$250.1 million in 2022, mainly due to rising electricity costs and increased salaries [463]. - Electricity costs in operating mining machines surged by 138.9% from US$58.4 million in 2021 to US$139.5 million in 2022, linked to expanded mining operations [466]. - Salaries, wages, and other benefits attributed to cost of revenue rose by 89.4% from US$9.4 million in 2021 to US$17.8 million in 2022, reflecting workforce expansion [467]. - Research and development expenses rose to $35,430 in 2022, up from $29,501 in 2021, reflecting increased investment in technology [454]. - Selling expenses increased to $11,683 in 2022, compared to $8,448 in 2021, indicating higher costs associated with sales efforts [454]. Market and Competition - The company faces intense competition from various well-established players in the cryptocurrency mining industry, which may affect its market position [387]. - The company competes globally in the mining business based on the total number of mining machines, mining efficiency, and access to electricity and technologies [384]. - The company is actively monitoring government regulations regarding cryptocurrencies, which are evolving and could have a material impact on its operations [391]. Strategic Initiatives - The company aims to focus on expanding General Hosting and Membership Hosting services to maximize asset utilization and operational efficiency [345]. - The company plans to expand its offerings by launching new services covering various crypto protocols, including Proof-of-Stake and Delegated Proof-of-Stake [424]. - The company has established a fund to purchase mining machines from financially distressed miners, capitalizing on market volatility [419]. - The company is exploring the feasibility of using solar power to support its mining datacenters [383]. Leadership and Management - The management team is led by founder Jihan Wu, who has a proven track record in the cryptocurrency industry [333]. - Jihan Wu has been the Chairman of the Board since January 2021, co-founding Bitdeer and previously serving as Chairman and CEO of BitMain from September 2018 to January 2021 [516]. - The company is focused on expanding its market presence and enhancing its operational capabilities through strategic initiatives [516]. Intellectual Property - The company owned eight registered patents, 11 registered copyrights, 151 registered trademarks, and 196 registered domain names as of March 31, 2023, indicating a strong focus on intellectual property [388]. Cash Flow and Financing - Cash and cash equivalents decreased to US$231.4 million as of December 31, 2022, from US$372.1 million in 2021, primarily due to investments in mining datacenters [489]. - Net cash used in operating activities was US$268.0 million for the year ended December 31, 2022, compared to US$52.5 million in 2021 and US$109.2 million in 2020 [497][498][501]. - The company may need to seek additional equity or debt financing if current liquidity sources are insufficient, which could lead to shareholder dilution [494].

Exhibit 99.1 Bitdeer Reports Financial Results for the Full Year 2022 and Operational Update SINGAPORE – April 19, 2023 – 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 rev ...