Bitdeer announces acquisition of desiweminer in an all-stock transaction

Singapore, june 06, 2024 (globe newswire) -- bitdeer technologies group (nasdaq: btdr) (“bitdeer” or the “company”), a world-leading technology company for blockchain and high-performance computing, today announced that it entered into a share purchase agreement (the “agreement”) with freechain inc. (“desiweminer”), a fabless crypto asic design company, on june 3, 2024 to acquire all of the issued and outstanding shares of desiweminer for a consideration of 20 million class a ordinary shares of the company (the “bitdeer shares”). a portion of the bitdeer shares to be issued pursuant to the agreement will vest in equal instalments over a period of five or seven years, subject to the terms and conditions therein. additionally, 50% of the bitdeer shares issued to certain sellers under the agreement cannot be transferred for a period of six months following the closing, and the remaining 50% of the bitdeer shares issued to such sellers cannot be transferred for a period of twelve months following the closing.
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