Bitdeer Technologies Announces New Share Repurchase Program
Singapore, February 28, 2025 – Bitdeer Technologies Group, a leading technology company specializing in blockchain and high-performance computing, recently disclosed that it had executed a share repurchase worth approximately US$9.0 million on February 27, 2025. This transaction was made using the US$10,000,000 share repurchase program approved by the Company’s board of directors in September 2024.
Details of the Share Repurchase
With the successful completion of the initial share repurchase, Bitdeer has now announced a new program to buy back an additional US$20,000,000 worth of its Class A ordinary shares. This new program, effective from February 28, 2025, through February 28, 2026, represents a significant investment in the company’s future.
Impact on Bitdeer Shareholders
This share repurchase program could lead to several positive outcomes for Bitdeer shareholders. By buying back shares, the company reduces the number of outstanding shares, increasing the earnings per share (EPS) for the remaining shareholders. Consequently, the EPS could potentially rise, leading to an increase in the stock price.
Impact on the Global Market
The share repurchase program could also have a ripple effect on the global market. Bitdeer’s strong financial position and commitment to investing in its own shares could attract the attention of other investors, leading to increased demand for the stock and potentially driving up the price. Additionally, the company’s continued growth and innovation in the blockchain and high-performance computing sectors could contribute to the overall growth of these industries, benefiting investors in related companies as well.
Conclusion
Bitdeer Technologies’ recent share repurchase program and the announcement of a new one demonstrate the company’s confidence in its future growth prospects. This investment in its own shares could lead to increased earnings per share and potentially higher stock prices for existing shareholders. Furthermore, the positive impact on the global market could attract new investors and contribute to the growth of the blockchain and high-performance computing industries.
- Bitdeer Technologies Group has completed a US$9.0 million share repurchase using its US$10,000,000 program.
- A new share repurchase program worth US$20,000,000 has been approved by the board of directors.
- Share buybacks reduce the number of outstanding shares, potentially increasing EPS and stock prices for existing shareholders.
- The global market could be positively affected by increased demand for Bitdeer stock and the growth of related industries.
