Bitdeer Introduces New $20 Million Share Buyback Initiative
Bitdeer Technologies Group Unveils Major Share Repurchase Program
Bitdeer Technologies Group, a leader in blockchain and high-performance computing solutions, has initiated an enticing share repurchase program worth US$20 million. This move follows its successful utilization of a previous $10 million program, highlighting the company's commitment to enhancing shareholder value.
Details Surrounding the Share Repurchase Program
As part of the new program, Bitdeer plans to repurchase additional Class A ordinary shares from February 28, 2025, until February 28, 2026. The repurchases will take place via open market transactions, private negotiations, or other legal avenues. The timing and number of shares bought back will depend on various factors such as market conditions and the company's operational needs.
Strategic Rationale Behind the Buyback
The decision to initiate a new share repurchase program reflects Bitdeer’s strategy to manage its capital effectively and reward its shareholders. By gradually executing the buyback, the company aims to minimize any potential adverse effects on its stock price while ensuring sustained growth for its investors.
Overview of Bitdeer Technologies Group
Bitdeer Technologies Group, headquartered in Singapore, is at the forefront of providing exceptional technology solutions for blockchain and high-performance computing. The company excels in managing intricate computing processes, including equipment management, logistics, and data center operations.
Technological Advancements and Cloud Capabilities
Moreover, Bitdeer is dedicated to catering to the growing demands of artificial intelligence by offering advanced cloud capabilities. This commitment to technological innovation positions Bitdeer as an essential player in the digital era, with data centers established across the globe, including the United States, Norway, and Bhutan.
Investor Engagement and Communication
For stakeholders and investors, Bitdeer emphasizes the importance of staying informed through its various communication channels. The company has encouraged followers to monitor its social media accounts for real-time updates and critical announcements related to its performance and strategic initiatives.
Contact Information for Investor Relations
Investors and media can reach out to Bitdeer through their dedicated investor relations contacts. For inquiries, Yujia Zhai from Orange Group can be contacted via email at bitdeerIR@orangegroupadvisors.com, while public relations inquiries can be addressed to Nishant Sharma at bitdeer@blocksbridge.com.
Frequently Asked Questions
What is the total value of the new share repurchase program by Bitdeer?
The new share repurchase program by Bitdeer is valued at US$20 million.
When does the share buyback program commence?
The repurchase program is effective from February 28, 2025, through February 28, 2026.
How will Bitdeer execute the share buyback?
Bitdeer can execute the buyback through open market transactions, private negotiations, or other legally permitted means.
What factors influence the timing of the share repurchases?
The timing and number of share repurchases will depend on market conditions, trading volume, and Bitdeer’s working capital requirements.
Who should investors contact for more information?
Investors can contact Yujia Zhai for investor relations or Nishant Sharma for public relations inquiries.
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