Bitcoin Miner Bitdeer to Buy ASIC Chip Designer Desiweminer for $140M in All-Stock Deal
Summary
Bitcoin miner Bitdeer is set to acquire Desiweminer, a chip designer for ASIC mining machines, in an all-stock deal valued at $140 million. The agreement involves the acquisition of all outstanding shares in Desiweminer for 20 million Class A ordinary BTDR shares. The Desiweminer team will join Bitdeer's ASIC design team in Singapore, with products featuring integrated technologies from both companies expected to be released immediately. This follows Bitdeer's recent receipt of a $150 million investment from stablecoin company Tether. The announcement had a minimal initial impact on BTDR shares, which rose 0.54% to $7.05 in pre-market trading.
