Bitdeer, the Bitcoin (BTC) mining company owned by famous Chinese billionaire Jihan Wu, has pressed the button to buy back shares worth millions of dollars.
Mining company whose Bitcoin production is steadily increasing Nasdaq decided to buy back some of its shares. bitdeer by Thursday, October 19 In the statement made on the day April 17, 2024 until 2 million dollars He stated that the shares worth their value would be bought back.
The company emphasized that it will repurchase the shares through a variety of methods, including open market transactions, privately negotiated transactions, any combination thereof, or other legally permissible means.
Additionally, the share price not to cause immediate effects And ensuring long-term sustainability buyback on behalf of gradual It was stated that it would be implemented as follows:
By gradually implementing its share repurchase program, Bitdeer aims to minimize the impact on its share price and generate longer-term returns for its shareholders.
Mining company in September compared to the previous month 25.8% by increasing 482 Bitcoins produced. This number represents an almost 3-fold increase compared to the same period last year. Making a statement about the positive developments, Bitdeer said: CEO Linghui Kong He made the following statements:
This increase came as our newly built 100MW Gedu mining data center in Bhutan continued to operate steadily throughout September. During September, 217 Bitcoins were mined at the Gedu mining data center, accounting for approximately 45% of the total Bitcoin mined during the month.
Bitdeer shares on Nasdaq BTDR with code from $3.41 is being traded. BTDR 2023 since the beginning of the year 67% gained value.