Bitdeer Acquires Desiweminer For A Consideration Of 20M Class A Ordinary Shares Of The Company; Bitdeer Shares To Be Issued Pursuant To The Agreement Will Vest In Equal Instalments Over A Period Of 5 Or 7 Years
Portfolio Pulse from Benzinga Newsdesk
Bitdeer Technologies Group (NASDAQ:BTDR) has entered into a share purchase agreement to acquire Desiweminer for 20 million Class A ordinary shares. The shares will vest over five to seven years, with transfer restrictions for certain sellers.
June 06, 2024 | 12:09 pm
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Bitdeer Technologies Group has acquired Desiweminer for 20 million Class A ordinary shares. The shares will vest over five to seven years, with transfer restrictions for certain sellers.
The acquisition of Desiweminer is a strategic move for Bitdeer, potentially enhancing its capabilities in crypto ASIC design. The vesting period and transfer restrictions may stabilize the stock price in the short term.
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