Bitdeer acquires crypto ASIC designer Desiweminer
Share link:In this post: Bitdeer Technologies Group acquired Desiweminer, a fabless crypto ASIC design company. The acquisition involves issuing 20 million Class A ordinary shares of Bitdeer. Desiweminer’s team will join Bitdeer’s ASIC design team in Singapore.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified
Bitdeer Technologies, a major player in blockchain and high-performance computing, has decided to acquire Desiweminer, a fabless crypto ASIC design company. This acquisition was announced following the finalization of a share purchase agreement on June 3rd.
Also Read: Bitdeer to Launch Bitdeer AI Cloud in Singapore
Bitdeer, listed on NASDAQ under the ticker BTDR, will acquire all issued and outstanding shares of Desiweminer. The payment for this acquisition will be made in the form of 20 million Class A ordinary shares of Bitdeer.
Bitdeer will lock shares for six to twelve months
Desiweminer, known for its fabless crypto ASIC design, focuses on Bitcoin mining. The company’s official website states that it is dedicated to providing environmentally sustainable, high-performance mining equipment and solutions. Desiweminer combines advanced circuit architecture and predictive yield technology to ensure the production of superior products.
According to Bitdeer’s press announcement , the agreement includes several strategic conditions. A portion of the company’s shares will vest over five to seven years, ensuring long-term commitment from key stakeholders. Additionally, 50% of the shares issued to certain sellers will be non-transferable for six months post-closing, and the remaining 50% will be locked for twelve months.
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