Bitdeer announces a stock buyback plan of up to $2 million

ChainCatcher news, Bitdeer Technology Group, a mining company under Wu Jihan, announced today that its board of directors has approved a new stock repurchase plan, under which the company may repurchase up to $2,000,000 worth of its Class A common stock ("Shares").

Under the share repurchase plan, Bitdeer may purchase its shares through various means, including open market transactions, privately negotiated transactions, any combination thereof, or other legally permitted methods. The company may conduct repurchase transactions in accordance with the amended Rule 10b5-1 and Rule 10b-18 of the Securities Exchange Act of 1934. The number of shares repurchased and the timing of repurchases will depend on various factors, including but not limited to price, trading volume, and general market conditions, as well as Bitdeer's working capital needs, general business conditions, and other factors.