Bitdeer Acquires Desiweminer, Unveils SEALMINER Technology Roadmap
Bitcoin miner Bitdeer acquired ASIC chip designer Desiweminer following a $100M investment from Tether. The company also unveiled its R&D technology roadmap for SEALMINER machines.
- Bitdeer has agreed to acquire chip designer Desiweminer in an all-stock deal valued at $140 million. The acquisition, pending customary closing conditions, follows a thorough ten-month due diligence process. Desiweminer's advanced chip designs are highly complementary to Bitdeer's and are designed for semiconductor processes at 4nm and below.
"We are thrilled to welcome Desiweminer into the Bitdeer family. Desiweminer’s remarkable achievements in ASIC design and their proven track record, with nearly 30,000 high-performance machines in the market, make them one of the top ASIC design groups in the world," said Linghui Kong, Chief Business Officer of Bitdeer.
- The acquisition follows a recent deal with Tether, which agreed to purchase up to $150 million worth of shares in Bitdeer. The deal includes the purchase of 18,587,360 Class A common shares, valued at $100 million, along with an option to buy an additional 5 million shares at 50 million for Bitdeer.
- Lastly, Bitdeer unveiled its research & development (R&D) technology roadmap for the SEALMINER Bitcoin mining machine.
- Learn more about the project's roadmap and expected timeline here.
Press Release / Archive (Acquisition)
Press Release / Archive (Tether Investment)
Press Release / Archive (Sealminer)
