Bitdeer Announces New US$20,000,000 Share Repurchase Program
Bitdeer Technologies Group (Nasdaq: BTDR) has announced a new US$20 million share repurchase program effective from February 28, 2025, through February 28, 2026. This announcement follows the full utilization of its previous US$10 million buyback program, under which the company repurchased shares worth approximately US$9 million on February 27, 2025.
The new program allows Bitdeer to purchase shares through various means, including open market transactions and privately negotiated deals, in compliance with federal securities laws. The repurchase timing and volume will depend on factors such as price, trading volume, market conditions, and working capital requirements. The program will be funded from existing cash reserves and can be modified, suspended, or terminated at any time by the board of directors.
Bitdeer Technologies Group (Nasdaq: BTDR) ha annunciato un nuovo programma di riacquisto di azioni da 20 milioni di dollari, valido dal 28 febbraio 2025 al 28 febbraio 2026. Questo annuncio segue l'utilizzo completo del precedente programma di riacquisto da 10 milioni di dollari, sotto il quale la società ha riacquistato azioni per un valore di circa 9 milioni di dollari il 27 febbraio 2025.
Il nuovo programma consente a Bitdeer di acquistare azioni tramite diversi mezzi, inclusi transazioni sul mercato aperto e accordi negoziati privatamente, in conformità con le leggi federali sui titoli. Il momento e il volume del riacquisto dipenderanno da fattori come il prezzo, il volume degli scambi, le condizioni di mercato e le esigenze di capitale circolante. Il programma sarà finanziato con le riserve di liquidità esistenti e può essere modificato, sospeso o terminato in qualsiasi momento dal consiglio di amministrazione.
Bitdeer Technologies Group (Nasdaq: BTDR) ha anunciado un nuevo programa de recompra de acciones de 20 millones de dólares que será efectivo desde el 28 de febrero de 2025 hasta el 28 de febrero de 2026. Este anuncio sigue a la utilización completa de su anterior programa de recompra de 10 millones de dólares, bajo el cual la empresa recompró acciones por un valor aproximado de 9 millones de dólares el 27 de febrero de 2025.
El nuevo programa permite a Bitdeer comprar acciones a través de diversos medios, incluyendo transacciones en el mercado abierto y acuerdos negociados de forma privada, en cumplimiento con las leyes federales de valores. El momento y el volumen de la recompra dependerán de factores como el precio, el volumen de negociación, las condiciones del mercado y los requisitos de capital de trabajo. El programa se financiará con reservas de efectivo existentes y puede ser modificado, suspendido o terminado en cualquier momento por la junta directiva.
비트디어 테크놀로지스 그룹 (Nasdaq: BTDR)는 2025년 2월 28일부터 2026년 2월 28일까지 유효한 2천만 달러 규모의 자사주 매입 프로그램을 발표했습니다. 이 발표는 회사가 2025년 2월 27일에 약 900만 달러 규모의 주식을 재매입한 이전 1천만 달러 매입 프로그램을 완전히 활용한 후 이루어졌습니다.
새로운 프로그램은 비트디어가 다양한 수단을 통해 주식을 매입할 수 있도록 하며, 여기에는 공개 시장 거래 및 비공식 협상이 포함되며, 연방 증권 법규를 준수합니다. 재매입의 시기와 규모는 가격, 거래량, 시장 상황 및 운전 자본 요구 사항과 같은 요인에 따라 달라질 것입니다. 이 프로그램은 기존 현금 잔고로 자금을 조달하며, 이사회에 의해 언제든지 수정, 중단 또는 종료될 수 있습니다.
Bitdeer Technologies Group (Nasdaq: BTDR) a annoncé un nouveau programme de rachat d'actions de 20 millions de dollars valable du 28 février 2025 au 28 février 2026. Cette annonce fait suite à l'utilisation complète de son précédent programme de rachat de 10 millions de dollars, dans le cadre duquel l'entreprise a racheté des actions d'une valeur d'environ 9 millions de dollars le 27 février 2025.
Le nouveau programme permet à Bitdeer d'acheter des actions par divers moyens, y compris des transactions sur le marché ouvert et des accords négociés de manière privée, conformément aux lois fédérales sur les valeurs mobilières. Le moment et le volume du rachat dépendront de facteurs tels que le prix, le volume des échanges, les conditions du marché et les besoins en fonds de roulement. Le programme sera financé par les réserves de liquidités existantes et peut être modifié, suspendu ou résilié à tout moment par le conseil d'administration.
Bitdeer Technologies Group (Nasdaq: BTDR) hat ein neues Aktienrückkaufprogramm über 20 Millionen US-Dollar angekündigt, das vom 28. Februar 2025 bis zum 28. Februar 2026 gültig ist. Diese Ankündigung folgt der vollständigen Nutzung des vorherigen Rückkaufprogramms über 10 Millionen US-Dollar, im Rahmen dessen das Unternehmen am 27. Februar 2025 Aktien im Wert von etwa 9 Millionen US-Dollar zurückgekauft hat.
Das neue Programm erlaubt es Bitdeer, Aktien durch verschiedene Mittel zu erwerben, einschließlich Transaktionen am offenen Markt und privat verhandelten Geschäften, in Übereinstimmung mit den Bundeswertpapiergesetzen. Der Zeitpunkt und das Volumen des Rückkaufs hängen von Faktoren wie Preis, Handelsvolumen, Marktbedingungen und Anforderungen an das Betriebskapital ab. Das Programm wird aus bestehenden Bargeldreserven finanziert und kann jederzeit vom Vorstand geändert, ausgesetzt oder beendet werden.
- New US$20M share buyback program demonstrates confidence in company value
- Successfully completed previous US$9M share repurchase
- Program funded from existing cash balance indicates strong liquidity
- Share repurchase may reduce cash available for operations and investments
SINGAPORE, Feb. 28, 2025 (GLOBE NEWSWIRE) -- Bitdeer Technologies Group (“Bitdeer” or the “Company”) (Nasdaq: BTDR), a world-leading technology company for blockchain and high-performance computing, today announced that it has conducted share repurchase for a total amount of approximately US
Under the new 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 in accordance with applicable federal securities laws, including 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, as well as certain at market issuance sales agreements. 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, compliance with applicable federal securities laws (including Regulation M), compliance with the Company’s obligations under the at market issuance sales agreements referred to above 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 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 https://ir.bitdeer.com/ or follow Bitdeer on X @ BitdeerOfficial and LinkedIn @ Bitdeer Group.
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.
For investor and media inquiries, please contact:
Investor Relations
Orange Group
Yujia Zhai
bitdeerIR@orangegroupadvisors.com
Public Relations
BlocksBridge Consulting
Nishant Sharma
bitdeer@blocksbridge.com
FAQ
How much is Bitdeer's new share repurchase program worth and when does it expire?
How much did BTDR spend on its previous share buyback program?
What methods will Bitdeer use to execute its share repurchase program?
How will Bitdeer fund the US$20 million share repurchase program?
