Bitdeer Announces New US$20,000,000 Share Repurchase Program

Core Viewpoint - Bitdeer Technologies Group has announced a new share repurchase program worth up to US$20 million, following the completion of a previous program that repurchased approximately US$9 million in shares [1][2]. Group 1: Share Repurchase Program - The company utilized its US$10 million share repurchase program approved in September 2024, repurchasing shares totaling approximately US$9 million on February 27, 2025 [1]. - The new share repurchase program is effective from February 28, 2025, through February 28, 2026, allowing for the repurchase of up to an additional US$20 million worth of Class A ordinary shares [1][2]. - Bitdeer may execute share repurchases through various means, including open market transactions and privately negotiated transactions, while considering factors such as price, trading volume, and market conditions [2]. Group 2: Company Overview - Bitdeer is a leading technology company specializing in blockchain and high-performance computing, providing comprehensive computing solutions [3]. - The company manages complex processes including equipment procurement, logistics, datacenter design, and operations, and offers advanced cloud capabilities for high-demand artificial intelligence customers [3]. - Bitdeer is headquartered in Singapore and has deployed datacenters in the United States, Norway, and Bhutan [3].