Bitdeer Technologies Group announced that its board of directors has approved a new share repurchase program, authorizing the repurchase of up to an additional US$20,000,000 worth of its Class A ordinary shares. This program is effective from February 28, 2025, through February 28, 2026.
This new program follows the full utilization of the previously approved US$10,000,000 share repurchase program, which saw approximately US$9.0 million in shares repurchased on February 27, 2025. The company plans to fund these repurchases from its existing cash balance.
The share repurchase program aims to minimize impact on the share price and generate greater long-term returns for shareholders. The timing and number of repurchases will depend on various factors, including market conditions and the company's working capital requirements.
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