- The Desiweminer team will join Bitdeer’s ASIC design team in Singapore, and products featuring the integrated technologies of the two entities are slated for immediate release.
- Bitdeer received an investment worth $150 million from stablecoin company Tether at the end of last month.
As a researcher with a background in technology and finance, I’m excited about the recent developments at Bitdeer Technologies. The acquisition of Desiweminer is a strategic move that will undoubtedly strengthen Bitdeer’s position in the mining industry. With Desiweminer’s expertise in ASIC chip design, Bitdeer can expect to release more efficient and effective mining machines.As a crypto investor, I’m excited to share that Bitdeer, a significant Bitcoin (BTC) miner, has announced its intention to acquire Desiweminer, a chip design company specializing in ASIC mining machines, in a stock deal valued at approximately $140 million.
On Thursday’s announcement, Bitdeer reached a deal to obtain all existing Desiweminer shares in exchange for supplying 20 million Class A ordinary BTDR shares by June 3.
The acquisition is subject to customary closing conditions.
The Desiweminder team is set to collaborate with Bitdeer’s ASIC design team based in Singapore. Together, they plan to bring new products incorporating their combined technologies to market without further delay.
At the end of last month, Tether, a stablecoin company, invested a total of $150 million in Bitdeer.
As an analyst, I’d rephrase it as: The pre-market price of BTDR stocks displayed a subdued response following the announcement, registering a minimal increase of 0.54%, reaching $7.05.
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2024-06-06 15:33