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Bitdeer Technologies Group completes acquisition of Desiweminer to expand its ASIC design capabilities

Jun 06, 2024•over 1 year ago

Acquiring Company

Bitdeer Technologies Group

Acquired Company

Desiweminer

SingaporeSingaporeInformation TechnologyCryptocurrencyMiningBlockchain

Description

Bitdeer Technologies Group, a world-leading technology company for blockchain and high-performance computing, has entered into an Agreement to acquire all of the issued and outstanding shares of Desiweminer. This strategic acquisition will enhance Bitdeer's ASIC design capabilities and accelerate the research and development of its next generation ASICs.

Company Information

Company

Bitdeer Technologies Group

Location

Singapore, Southeast Asia, Singapore

About

Bitdeer Technologies Group is a world-leading technology company for blockchain and high-performance computing. The company is committed to providing comprehensive computing solutions for its customers, handling complex processes involved in computing such as equipment procurement, transport logistics, datacenter design and construction, equipment management, and daily operations. Bitdeer also offers advanced cloud capabilities to customers with high demand for artificial intelligence.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed