Bitdeer Technologies (BTDR) Announces $20M Share Buyback

Bitdeer Technologies Group (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$9.0 million on February 27, 2025, fully utilizing its US$10,000,000 share repurchase program approved in September 2024. The board of directors of the Company has approved a new share repurchase program to repurchase up to additional US$20,000,000 worth of its Class A ordinary shares (“Shares”), effective from February 28, 2025 through February 28, 2026.

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.

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