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Bitdeer Announces Acquisition of Desiweminer in an All-Stock Transaction
Bitdeer Technologies Group (NASDAQ: BTDR) has announced the acquisition of Desiweminer, a fabless crypto ASIC design company, in an all-stock transaction valued at 20 million Class A ordinary shares.
The acquisition, finalized on June 3, 2024, includes a vesting period of five to seven years for some shares and transfer restrictions for others for six to twelve months post-closing. This strategic move aims to enhance Bitdeer's ASIC design capabilities and accelerate product development, leveraging Desiweminer's advanced chip designs and experienced engineering team.
The integration is expected to strengthen Bitdeer's position in the high-performance computing sector, boosting innovation and market share in the multi-billion-dollar ASIC market.
The acquisition, finalized on June 3, 2024, includes a vesting period of five to seven years for some shares and transfer restrictions for others for six to twelve months post-closing. This strategic move aims to enhance Bitdeer's ASIC design capabilities and accelerate product development, leveraging Desiweminer's advanced chip designs and experienced engineering team.
The integration is expected to strengthen Bitdeer's position in the high-performance computing sector, boosting innovation and market share in the multi-billion-dollar ASIC market.
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