Bitdeer to acquire ASIC chip design company Desiweminer for $140 million

According to TechFlow, Bitcoin mining company Bitdeer has agreed to acquire ASIC mining machine chip designer Desiweminer in an all-stock transaction with a transaction value of US$140 million.

Bitdeer agreed to acquire all outstanding shares of Desiweminer for 20 million Class A common shares of BTDR on June 3, according to an announcement on Thursday.