COINOTAG reported on April 22 that BitDeer is strategically enhancing its financial leverage to advance its Bitcoin ASIC miner manufacturing initiatives. According to the company’s recent annual report, BitDeer has successfully secured a substantial total of $179 million through a combination of loans and equity financing. Notably, the firm has finalized a loan agreement with Matrixport, providing access to an additional $200 million. Early this year, BitDeer issued over 6 million Class A shares, which contributed to a notable capital influx of $1.188 billion. This financial maneuvering is indicative of BitDeer’s commitment to solidifying its position in the highly competitive cryptocurrency mining sector, ultimately aiming for substantial growth in production capacity and market presence.
Source: https://en.coinotag.com/breakingnews/bitdeer-boosts-financial-leverage-to-propel-bitcoin-asic-miner-manufacturing-with-179-million-fundraise/