Bitdeer to Buy Back Shares Worth Up to $2 Million!

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Oct 20, 2023 14:50

Bitdeer Technologies, founded by Jihan Wu, plans to buy back shares worth up to $2 million.Via its self-mining business, in September, the firm mined 482 bitcoins, up 25.8% on August and nearly tripling year on year. The company intends to fund the share purchase from existing cash reserves and may use methods including open market or privately negotiated transactions. Bitdeer’s CEO, Linghui Kong, has previously said the company’s recently built 100 MW Gedu mining datacenter in Bhutan was the source of its robust operations in September.