Bitdeer Acquires ASIC Chip Design Company Desiweminer In An All-Stock Deal

According to Odaily, Bitdeer, a Bitcoin mining machine company, has agreed to acquire Desiweminer, an ASIC chip design company, in an all-stock deal valued at $140 million. The acquisition will be completed through the issuance of 20 million Class A common shares of Bitdeer (BTDR) to Desiweminer. The deal is set to be finalized on June 3rd. This strategic acquisition will potentially enhance Bitdeer's capabilities in the Bitcoin mining industry by integrating Desiweminer's advanced ASIC chip technology.