Bitdeer Acquires Norwegian AI Assets

TL;DR

Bitdeer buying Norwegian AI assets via share purchase agreement, terms TBD.

AI Summary

On April 3, 2024, Bitdeer Technologies Group, through its indirect subsidiary Norwegian AI Technology AS, entered into a share purchase agreement to acquire assets from BRYHNI.COM AS and RENOL INVEST AS. The filing does not specify the financial terms of this acquisition.

Why It Matters

This acquisition signals Bitdeer's expansion into new technological areas, potentially diversifying its business and revenue streams.

Risk Assessment

Risk Level: medium — The acquisition involves a foreign entity and the terms are not fully disclosed, introducing potential integration and financial risks.

Key Players & Entities

• Bitdeer Technologies Group (company) — Acquiring company
• Norwegian AI Technology AS (company) — Wholly-owned indirect subsidiary of Bitdeer, acting as transferee
• BRYHNI.COM AS (company) — Seller in the share purchase agreement
• RENOL INVEST AS (company) — Seller in the share purchase agreement
• April 3, 2024 (date) — Date of the share purchase agreement

FAQ

Key Financial Figures

• $15,000,000 — for the Acquisition consisted of (i) US$15,000,000 in cash, (ii) 417,130 class A ordinary
• $0.0000001 — s A ordinary shares of a par value of US$0.0000001 each of the Company (the "Class A Ordin
• $35.96 — Ordinary Shares at a strike price of US$35.96 per Class A Ordinary Share. The foreg

Filing Documents

• ef20026366_6k.htm (6-K) — 12KB
• ef20026366_ex10-1.htm (EX-10.1) — 23KB
• 0001140361-24-018589.txt ( ) — 36KB

From the Filing

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of April 2024 Commission file number: 001-41687 BITDEER TECHNOLOGIES GROUP 08 Kallang Avenue Aperia tower 1, #09-03/04 Singapore 339509 (Address of Principal Executive Offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F Form 40-F ACQUISITION OF BUSINESS On April 3, 2024, Bitdeer Technologies Group, an exempted company with limited liability incorporated under the laws of Cayman Islands (the "Company"), designated its wholly-owned indirect subsidiary, Norwegian AI Technology AS ("Norwegian AI"), as transferee of the Company and entered into a share purchase agreement (the "Agreement"), with BRYHNI.COM AS and RENOL INVEST AS (collectively, the "Sellers"). Pursuant to the Agreement, the Company agreed to acquire all the shares in TROLL HOUSING AS and TYDAL DATA CENTER AS (collectively, the "Acquisition"), each a private limited liability company incorporated and existing under the laws of Norway, from the Sellers. The closing consideration for the Acquisition consisted of (i) US$15,000,000 in cash, (ii) 417,130 class A ordinary shares of a par value of US$0.0000001 each of the Company (the "Class A Ordinary Shares"), (iii) a secured and freely tradable consideration loan note of US$15,000,000 with a maturity of five years, and with a coupon rate of six percent per annum, accompanied by collateral in the form of a first priority share pledge to be granted by Norwegian AI and (iv) a call option to acquire US$15,000,000 worth of Class A Ordinary Shares at a strike price of US$35.96 per Class A Ordinary Share. The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Agreement, which is filed as Exhibit 10.1 to this Form 6-K. INCORPORATION BY REFERENCE This current report on Form 6-K, including Exhibit 10.1 hereto, is hereby incorporated by reference into the registration statements of the Company on Form F-3 (No. 333-278027 and No. 333-278029), to the extent not superseded by documents or reports subsequently filed. EXHIBITS Exhibit No. Description 10.1 Agreement, dated April 3, 2024 by and among Bitdeer Technologies Group, BRYHNI.COM AS and RENOL INVEST AS SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Bitdeer Technologies Group By: /s/ Jihan Wu Name: Jihan Wu Title: Chief Executive Officer Date: April 8, 2024

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View this 6-K filing on SEC EDGAR