Bitdeer Technology Group, a mining company owned by Wu Jihan, announced today that its board of directors has approved a new stock repurchase plan, under which the company can repurchase up to US$2,000,000 of the value of its Class A common shares ("Shares") .
Under the share repurchase plan, Bitdeer may purchase its shares through a variety of methods, including open market transactions, privately negotiated transactions, any combination thereof, or other methods permitted by law. The Company may conduct repurchase transactions pursuant to Rules 10b5-1 and 10b-18 of the Securities Exchange Act of 1934, as amended. The number of shares repurchased and the timing of the repurchase will depend on a variety of 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.
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