<SEC-DOCUMENT>0001140361-24-048440.txt : 20241205
<SEC-HEADER>0001140361-24-048440.hdr.sgml : 20241205
<ACCEPTANCE-DATETIME>20241205082534
ACCESSION NUMBER:		0001140361-24-048440
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20241205
FILED AS OF DATE:		20241205
DATE AS OF CHANGE:		20241205

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Bitdeer Technologies Group
		CENTRAL INDEX KEY:			0001899123
		STANDARD INDUSTRIAL CLASSIFICATION:	FINANCE SERVICES [6199]
		ORGANIZATION NAME:           	09 Crypto Assets
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-41687
		FILM NUMBER:		241527925

	BUSINESS ADDRESS:	
		STREET 1:		08 KALLANG AVENUE, APERIA TOWER 1, #09-0
		CITY:			SINGAPORE
		STATE:			U0
		ZIP:			339509
		BUSINESS PHONE:		65-62828220

	MAIL ADDRESS:	
		STREET 1:		08 KALLANG AVENUE, APERIA TOWER 1, #09-0
		CITY:			SINGAPORE
		STATE:			U0
		ZIP:			339509
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>ef20039505_6k.htm
<DESCRIPTION>6-K
<TEXT>
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    <div>
      <div style="text-align: center; font-size: 14pt; font-weight: bold;">UNITED STATES</div>
      <div>&#160;</div>
      <div style="text-align: center; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
      <div>&#160;</div>
      <div style="text-align: center; font-size: 12pt; font-weight: bold;">Washington, D.C. 20549</div>
      <div>&#160;</div>
      <div>
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        <div> <br>
        </div>
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      <div style="text-align: center; font-size: 18pt; font-weight: bold;">FORM 6-K</div>
      <div>&#160;</div>
      <div>
        <div>
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      <div>&#160;</div>
      <div style="text-align: center; font-weight: bold;">REPORT OF FOREIGN PRIVATE ISSUER</div>
      <div style="text-align: center; font-weight: bold;">PURSUANT TO RULE 13a-16 OR 15d-16 UNDER</div>
      <div style="text-align: center; font-weight: bold;">THE SECURITIES EXCHANGE ACT OF 1934</div>
      <div>&#160;</div>
      <div style="text-align: center; font-weight: bold;">For the month of December 2024</div>
      <div>&#160;</div>
      <div style="text-align: center; font-weight: bold;">Commission file number: 001-41687</div>
      <div>&#160;</div>
      <div>
        <div>
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        <div><br>
        </div>
      </div>
      <div style="text-align: center; font-size: 24pt; font-weight: bold;">BITDEER TECHNOLOGIES GROUP</div>
      <div>&#160;</div>
      <div>
        <div>
          <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
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        </div>
      </div>
      <div style="text-align: center; font-weight: bold;">08 Kallang Avenue</div>
      <div style="text-align: center; font-weight: bold;">Aperia tower 1, #09-03/04</div>
      <div style="text-align: center; font-weight: bold;">Singapore 339509</div>
      <div style="text-align: center;">(Address of Principal Executive Offices)</div>
      <div>
        <div><br>
        </div>
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      </div>
      <div>&#160;</div>
      <div>Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.&#160; Form 20-F&#160; &#9746;&#160; &#160; &#160; &#160; &#160; Form 40-F&#160; &#9744;</div>
      <div>&#160;</div>
      <hr align="center" style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;">
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      <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">INCORPORATION BY REFERENCE</div>
      <div><font style="color: rgb(0, 0, 0);"> </font><br>
      </div>
      <div style="text-align: justify; font-size: 12pt;"><font style="font-size: 10pt; color: rgb(0, 0, 0);">This report on Form 6-K is hereby incorporated by reference in the registration statements of Bitdeer Technologies Group on Form F-3 (No.
          333-273905, No. 333-278027, No. 333-278029 and No. </font><font style="font-size: 10pt;">333-280041<font style="color: rgb(0, 0, 0);">) and Form S-8 (No. 333-272858 and No. 333-275342), to the extent not superseded by documents or reports
            subsequently filed or furnished.</font></font></div>
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      <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">EXHIBITS</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" border="0" id="zd930592bea50422fb0121654273b43d4" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">Exhibit </div>
              <div style="color: rgb(0, 0, 0); font-weight: bold;">No.</div>
            </td>
            <td style="width: 90%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">Description</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 10%; vertical-align: top;"><br>
            </td>
            <td rowspan="1" style="width: 90%; vertical-align: top;"><br>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="color: rgb(0, 0, 0);"><a href="ef20039505_ex99-1.htm">99.1</a></div>
            </td>
            <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="color: rgb(0, 0, 0);">Press Release &#8211; Bitdeer Announces November 2024 Production and Operations Update</div>
            </td>
          </tr>

      </table>
      <div> <br>
      </div>
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      <div style="text-align: center; font-weight: bold;"><a name="z_Hlk170745682"></a>SIGNATURE</div>
      <div>&#160;</div>
      <div style="text-align: justify;">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.</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z47fdefbff1904e67b9031b4539aa2ae4" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 50%; vertical-align: top;" colspan="1">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="text-align: justify; font-weight: bold;">Bitdeer Technologies Group</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;" colspan="1" rowspan="1">&#160;</td>
            <td style="vertical-align: top;" colspan="2" rowspan="1"><br>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: bottom;" colspan="1">&#160;</td>
            <td style="width: 5%; vertical-align: bottom;">
              <div>By:</div>
            </td>
            <td style="width: 45%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>/s/ Jihan Wu</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;" colspan="1">&#160;</td>
            <td style="width: 5%; vertical-align: top;">
              <div>Name:</div>
            </td>
            <td style="width: 45%; vertical-align: top;">
              <div style="margin-left: 4.5pt;">Jihan Wu</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;" colspan="1">&#160;</td>
            <td style="width: 5%; vertical-align: top;">
              <div>Title:</div>
            </td>
            <td style="width: 45%; vertical-align: top;">
              <div style="margin-left: 4.5pt;">Chief Executive Officer</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;" colspan="1" rowspan="1"><br>
            </td>
            <td style="width: 5%; vertical-align: top;" rowspan="1"><br>
            </td>
            <td style="width: 45%; vertical-align: top;" rowspan="1"><br>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;" colspan="1" rowspan="1">Date: December 5, 2024</td>
            <td style="width: 5%; vertical-align: top;" rowspan="1"><br>
            </td>
            <td style="width: 45%; vertical-align: top;" rowspan="1"><br>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div> <br>
      </div>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ef20039505_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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         Copyright 1995 - 2024 Broadridge -->
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    <div>
      <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;"><a name="z_Hlk152250285"></a></div>
      <div style="text-align: right; color: rgb(0, 0, 0); font-weight: 400;"><font style="font-weight: bold;">Exhibit 99.1</font><br>
      </div>
      <div style="color: rgb(0, 0, 0); font-weight: 400;"> <br>
      </div>
      <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Bitdeer Announces November 2024 Production and Operations Update</div>
      <div><br>
      </div>
      <div>
        <div style="color: rgb(0, 0, 0); text-align: center;">- Anticipated ~35 EH/s of SEALMINER A2 Mass Production through Q3 2025</div>
      </div>
      <div>
        <div style="color: rgb(0, 0, 0); text-align: center;">- 1.1 GW of New Power Capacity On Track to Come Online in 2025</div>
      </div>
      <div>
        <div style="color: rgb(0, 0, 0); text-align: center;">- Closed US$400 million Convertible Senior Notes Offering to Accelerate SEALMINER Development and Production</div>
      </div>
      <div><br>
      </div>
      <div><font style="font-weight: bold;">SINGAPORE, December 5, 2024 (GLOBE NEWSWIRE)</font> -- Bitdeer Technologies Group (NASDAQ: BTDR) (&#8220;<font style="font-weight: bold;">Bitdeer</font>&#8221; or the &#8220;<font style="font-weight: bold;">Company</font>&#8221;), a
        world-leading technology company for blockchain and high-performance computing, today announced its unaudited mining and operations updates for November 2024.</div>
      <div><br>
      </div>
      <div style="font-weight: bold;">Operational Update</div>
      <div><br>
      </div>
      <div>
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                <div style="text-align: left; margin-left: 4.5pt; font-weight: bold;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div><font style="font-weight: bold;">Self-mined Bitcoin:&#160;</font>150 bitcoins.</div>
              </td>
            </tr>

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      <div>
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              <td style="width: 18pt; vertical-align: top; text-align: right;">
                <div style="text-align: left; margin-left: 4.5pt; font-weight: bold;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-weight: bold;">Mining Rig Manufacturing and R&amp;D:</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z8a19a7de92dc493cb24c6561c553bcb8">

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              <td style="width: 31.5pt; vertical-align: top; text-align: right;">
                <div style="text-align: left; margin-left: 18pt;">o</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div>SEALMINER A1: Mass production of approximately 3.7 EH/s of mining rigs is on track with 0.1 EH/s powered on, 0.4 EH/s delivered for installation, 0.3 EH/s in-transit to data centers and 2.6 EH/s in production.</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zc214d39aa571448fbd17f6972c4f4c65">

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              <td style="width: 31.5pt; vertical-align: top; text-align: right;">
                <div style="text-align: left; margin-left: 18pt;">o</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div>SEALMINER A2:</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zb0e9f6dafe964e49a42c280b1ad5a69f">

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              <td style="width: 45pt; vertical-align: top; text-align: right;">
                <div style="text-align: left; margin-left: 31.5pt;">o</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div>Secured wafer capacity as of this report date is expected to generate approximately 35 EH/s hashrate in 2025, increased from 18 EH/s.</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
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                <div style="text-align: left; margin-left: 31.5pt;">o</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div>Initial allocation of ~30,000 units (~7 EH/s out of the 35 EH/s) of SEALMINER A2s for external sale has been fully reserved by customers. This allocation is subject to further increase depending on market conditions.</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z170e31914f59478ca444a25e1c7707f0">

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              <td style="width: 18pt; vertical-align: top; text-align: right;">
                <div style="text-align: left; margin-left: 4.5pt; font-weight: bold;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-weight: bold;">HPC/AI:</div>
              </td>
            </tr>

        </table>
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      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z50333a888f194ec9a76309da35ab8728">

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              <td style="width: 36pt; vertical-align: top; text-align: right;">
                <div style="text-align: left; margin-left: 22.5pt;">o</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div>Discussions are ongoing with multiple development partners and potential end users for selected sites.</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
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                <div style="text-align: left; margin-left: 22.5pt;">o</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div>Bitdeer AI cloud services deployed an early batch of NVIDIA H200 in the Company&#8217;s Tier 3 datacenter.</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
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                <div style="text-align: left; margin-left: 22.5pt;">o</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div>Expanded AI cloud services to United States and Holland. AI cloud services are now hosted from Singapore, Canada, United States and Holland.</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
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              <td style="width: 18pt; vertical-align: top; text-align: right;">
                <div style="text-align: left; margin-left: 4.5pt; font-weight: bold;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-weight: bold;">Hosting:</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zf6abfff5ac55449597ba4770424014f0">

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              <td style="width: 36pt; vertical-align: top; text-align: right;">
                <div style="text-align: left; margin-left: 22.5pt;">o</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div>Client-hosted machines increased by 11,000 units or 2.6 EH/s.</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z587ae66baed04d6da34aaa063981dd36">

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              <td style="width: 18pt; vertical-align: top; text-align: right;">
                <div style="text-align: left; margin-left: 4.5pt; font-weight: bold;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-weight: bold;">Infrastructure:</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z8f20ca90d054432db94481b4a7672ba9">

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              <td style="width: 36pt; vertical-align: top; text-align: right;">
                <div style="text-align: left; margin-left: 22.5pt;">o</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div>Tydal, Norway, 40 MW phase 1 expansion was expected to be ready for use by December 2024. Energization pending regulatory approval.</div>
              </td>
            </tr>

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      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z8d9dc44e346644df8855d0c74dfa5615">

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              <td style="width: 36pt; vertical-align: top; text-align: right;">
                <div style="text-align: left; margin-left: 22.5pt;">o</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div>Rockdale, Texas, USA, 100MW hydro-cooling conversion is on track for phased completion during Q1 2025.</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z2b48cafa672748b698670eba7663020e">

            <tr>
              <td style="width: 36pt; vertical-align: top; text-align: right;">
                <div style="text-align: left; margin-left: 22.5pt;">o</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div>Jigmeling, Bhutan, 500 MW construction is on track with the primary substation expected to be completed by Q1 2025.</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z04cfc3656f634e069ba53662dbc403d7">

            <tr>
              <td style="width: 36pt; vertical-align: top; text-align: right;">
                <div style="text-align: left; margin-left: 22.5pt;">o</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div>1.1 GW of new power capacity is on track to come online in 2025.</div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div style="font-weight: bold;">Management Commentary</div>
      <div><br>
      </div>
      <div>&#8220;2025 is going to be a transformative year for Bitdeer,&#8221; stated Linghui Kong, Chief Business Officer of Bitdeer. &#8220;The launch of our SEALMINER A2 last month has generated tremendous interest. Our initial plan of selling ~30,000 units to external
        customers has been fully reserved by customers, signaling the industry&#8217;s strong demand for cutting-edge technology and a diversified supply chain. Further, at the end of November, we increased our SEALMINER A2 production through Q3 2025 to 35 EH/s,
        up from 18 EH/s, based on the secured wafer capacity, significantly increasing our ability to ramp our self-mining hashrate and sales inventory.&#8221;</div>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div>Mr. Kong continued, &#8220;Further, we are extremely pleased with the closing of our US$400 million convertible note offering in November. Net proceeds from this offering will be used for datacenter expansion, ASIC-based mining rigs development and
        manufacture, as well as working capital and other general corporate purposes.&#8221;</div>
      <div><br>
      </div>
      <div style="font-weight: bold;">Production and Operations Summary</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);" id="z275b6bff02e54841a80f95c5847f0406">

          <tr>
            <td style="width: 44.76%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold;">Metrics</div>
            </td>
            <td style="width: 18.41%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: center; font-weight: bold;">Nov 2024</div>
            </td>
            <td style="width: 18.41%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: center; font-weight: bold;">Oct 2024</div>
            </td>
            <td style="width: 18.41%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: center; font-weight: bold;">Nov 2023</div>
            </td>
          </tr>
          <tr>
            <td style="width: 44.76%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="font-weight: bold;">Total hash rate under management<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup> (EH/s)</div>
            </td>
            <td style="width: 18.41%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: bold;">20.7</div>
            </td>
            <td style="width: 18.41%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: bold;">18.0</div>
            </td>
            <td style="width: 18.41%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: bold;">21.1</div>
            </td>
          </tr>
          <tr>
            <td style="width: 44.76%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>&#160;- Proprietary hash rate</div>
            </td>
            <td style="width: 18.41%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: center;">8.8</div>
            </td>
            <td style="width: 18.41%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: center;">8.7</div>
            </td>
            <td style="width: 18.41%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: center;">8.7</div>
            </td>
          </tr>
          <tr>
            <td style="width: 44.76%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div>&#160;&#160;&#160;&#160;&#160;&#8226; Self-mining</div>
            </td>
            <td style="width: 18.41%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">8.2</div>
            </td>
            <td style="width: 18.41%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">8.4</div>
            </td>
            <td style="width: 18.41%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">7.1</div>
            </td>
          </tr>
          <tr>
            <td style="width: 44.76%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>&#160;&#160;&#160;&#160;&#160;&#8226; Cloud Hash Rate</div>
            </td>
            <td style="width: 18.41%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: center;">0.2</div>
            </td>
            <td style="width: 18.41%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: center;">0.3</div>
            </td>
            <td style="width: 18.41%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: center;">1.6</div>
            </td>
          </tr>
          <tr>
            <td style="width: 44.76%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div>&#160;&#160;&#160;&#160;&#160;&#8226; Delivered but not hashing</div>
            </td>
            <td style="width: 18.41%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">0.4</div>
            </td>
            <td style="width: 18.41%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(0, 0, 0);">-</div>
            </td>
            <td style="width: 18.41%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(0, 0, 0);">-</div>
            </td>
          </tr>
          <tr>
            <td style="width: 44.76%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>&#160;- Hosting</div>
            </td>
            <td style="width: 18.41%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: center;">11.9</div>
            </td>
            <td style="width: 18.41%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: center;">9.3</div>
            </td>
            <td style="width: 18.41%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: center;">12.4</div>
            </td>
          </tr>
          <tr>
            <td style="width: 44.76%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="font-weight: bold;">Mining machines under management</div>
            </td>
            <td style="width: 18.41%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: bold;">178,000</div>
            </td>
            <td style="width: 18.41%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: bold;">168,000</div>
            </td>
            <td style="width: 18.41%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: bold;">220,000</div>
            </td>
          </tr>
          <tr>
            <td style="width: 44.76%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>&#160;- Self-owned<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup></div>
            </td>
            <td style="width: 18.41%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: center;">86,000</div>
            </td>
            <td style="width: 18.41%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: center;">87,000</div>
            </td>
            <td style="width: 18.41%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: center;">92,000</div>
            </td>
          </tr>
          <tr>
            <td style="width: 44.76%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div>&#160;- Hosted</div>
            </td>
            <td style="width: 18.41%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">92,000</div>
            </td>
            <td style="width: 18.41%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">81,000</div>
            </td>
            <td style="width: 18.41%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">128,000</div>
            </td>
          </tr>
          <tr>
            <td style="width: 44.76%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold;">Bitcoins mined (self-mining only)</div>
            </td>
            <td style="width: 18.41%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: center; font-weight: bold;">150</div>
            </td>
            <td style="width: 18.41%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: center; font-weight: bold;">174</div>
            </td>
            <td style="width: 18.41%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: center; font-weight: bold;">403</div>
            </td>
          </tr>
          <tr>
            <td style="width: 44.76%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">Bitcoins held</font><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3</sup></div>
            </td>
            <td style="width: 18.41%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: bold;">443</div>
            </td>
            <td style="width: 18.41%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: bold;">372</div>
            </td>
            <td style="width: 18.41%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: bold;">28</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1 </sup><font style="font-weight: bold;">Total hash rate under management </font>as of November 30, 2024 across the Company&#8217;s three primary business lines: Self-mining, Cloud Hash Rate, and Hosting.</div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z0d66f4e4542743fba185c0dd12e019ef">

            <tr>
              <td style="width: 18pt; vertical-align: top; text-align: right;">
                <div style="text-align: left; margin-left: 9pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-size: 8pt;"><font style="font-size: 10pt; font-weight: bold;">Self-mining</font><font style="font-size: 10pt;"> refers to cryptocurrency mining for the Company&#8217;s own account, which allows it to directly capture the high
                    appreciation potential of cryptocurrency.</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z37c8bb0313914274a07307a69101121f">

            <tr>
              <td style="width: 18pt; vertical-align: top; text-align: right;">
                <div style="text-align: left; margin-left: 9pt; font-weight: bold;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-size: 8pt;"><font style="font-size: 10pt; font-weight: bold;">Cloud Hash Rate</font><font style="font-size: 10pt;"> offers hash rate subscription plans and shares mining income with customers under certain arrangements. The
                    Cloud Hash Rate stated above reflects the contracted hash rate with customers at month-end. However, throughout the month, the Cloud Hash Rate may transition to Self-mining hash rate if customers opt to not make their monthly
                    electricity payments for various reasons.</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zc04e3f56183f4cad93323a88cf4421c8">

            <tr>
              <td style="width: 18pt; vertical-align: top; text-align: right;">
                <div style="text-align: left; margin-left: 9pt; font-weight: bold;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-size: 8pt;"><font style="font-size: 10pt; font-weight: bold;">Hosting </font><font style="font-size: 10pt;">encompasses a one-stop mining machine hosting solution including deployment, maintenance, and management services
                    for efficient cryptocurrency mining.</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2 </sup><font style="font-weight: bold;">Self-owned mining machines </font>are for<font style="font-weight: bold;">&#160;</font>the Company&#8217;s self-mining business and Cloud Hash Rate business.<a name="z_Hlk133327334"></a></div>
      <div><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3 </sup><font style="font-weight: bold;">Bitcoins held </font>do not include the Bitcoins from deposits of the customers.</div>
      <div><br>
      </div>
      <div style="font-weight: bold;">Infrastructure Construction Update</div>
      <div><br>
      </div>
      <div style="font-style: italic;"><font style="font-weight: bold;">Rockdale, Texas</font> - 100 MW Hydro-cooling conversion underway:</div>
      <div><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z53dd4682f8da495c95d9ab4259fad3d8">

            <tr>
              <td style="width: 36pt; vertical-align: top; text-align: right;">
                <div style="text-align: left; margin-left: 18pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div>Demolition work completed.</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z4d65e566d60e4de2857381da6f601567">

            <tr>
              <td style="width: 36pt; vertical-align: top; text-align: right;">
                <div style="text-align: left; margin-left: 18pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div>Cooling system will be delivered and installed in phases from Q4 2024 to Q1 2025.</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zc03442be20c547a1be105f66302775e8">

            <tr>
              <td style="width: 36pt; vertical-align: top; text-align: right;">
                <div style="text-align: left; margin-left: 18pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div>Due to supply chain delays from the US dock workers strike in early October, the expected phased energization timeline is expected to occur one month later, now between January and March 2025.</div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div><font style="font-weight: bold; font-style: italic;">Tydal, Norway</font> - <font style="font-style: italic;">175 MW site expansion is progressing well, with several key milestones achieved:</font></div>
      <div><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="ze56427909e964a57bc3e01ca572091bb">

            <tr>
              <td style="width: 36pt; vertical-align: top; text-align: right;">
                <div style="text-align: left; margin-left: 18pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div>Buildings and groundwork completed, along with the construction of the transformer foundation and housing.</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
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            <tr>
              <td style="width: 36pt; vertical-align: top; text-align: right;">
                <div style="text-align: left; margin-left: 18pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div>Orders for transformer and electrical equipment have been placed, with delivery and installation currently in progress. Additionally, the procurement and delivery of containers and hydro-cooling systems are underway, and drainage
                  systems construction is ongoing.</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
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            <tr>
              <td style="width: 36pt; vertical-align: top; text-align: right;">
                <div style="text-align: left; margin-left: 18pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div>Construction of the substation completed.</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
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            <tr>
              <td style="width: 36pt; vertical-align: top; text-align: right;">
                <div style="text-align: left; margin-left: 18pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div>Tydal, Norway Phase 1 of 40 MW Expansion had been expected to be ready for use by December 2024 but could be delayed for a few months due to regulatory approval application issues, which are now under close monitoring of the management team. Energization of the full 175 MW site is reasonably expected to be no later than mid-2025.</div>
              </td>
            </tr>

        </table>
      </div>
      <div></div>
      <div>
        <div> <br>
        </div>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div>
        <div>
          <div> <font style="font-weight: bold;">Massillon, Ohio</font> - 221 MW site is also making progress:</div>
          <div> <br>
          </div>
          <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable">

              <tr>
                <td style="width: 36pt; vertical-align: top; text-align: right;">
                  <div style="text-align: left; margin-left: 18pt;">&#8226;</div>
                </td>
                <td style="width: auto; vertical-align: top;">
                  <div>Substation conceptual design is completed and long lead-time electrical equipment for the substation have been ordered.</div>
                </td>
              </tr>

          </table>
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        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z87a73842f23e4bfdb7549b9fe5d9bd4d">

            <tr>
              <td style="width: 36pt; vertical-align: top; text-align: right;">
                <div style="text-align: left; margin-left: 18pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div>Engineering, Procurement, and Construction (EPC) contractor has been selected for the substation construction.</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z02b44eb9ad2642f79b7b250705da325a">

            <tr>
              <td style="width: 36pt; vertical-align: top; text-align: right;">
                <div style="text-align: left; margin-left: 18pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div>Civil work is ongoing, with the majority expected to be completed by the end of Q4 2024 or Q1 2025.</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z0ad07b3fe21a4e27a2b3126959afb260">

            <tr>
              <td style="width: 36pt; vertical-align: top; text-align: right;">
                <div style="text-align: left; margin-left: 18pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div>Building design is completed, and construction is anticipated to begin in Q4 2024, earlier than expected.</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z5e5829f440a24b14b1fa24fb94c65f5f">

            <tr>
              <td style="width: 36pt; vertical-align: top; text-align: right;">
                <div style="text-align: left; margin-left: 18pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div>Estimated energization timeline remains on track for mid-to-late 2025.</div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div style="font-style: italic;"><font style="font-weight: bold;">Jigmeling, Bhutan</font> - 500MW site is progressing well, with the following key milestones achieved:</div>
      <div><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z03eeea539f8f45a086255fe716278a36">

            <tr>
              <td style="width: 36pt; vertical-align: top; text-align: right;">
                <div style="text-align: left; margin-left: 18pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div>Civil work is finished. Construction of transformer and container foundations is in progress and will be completed in phases, with the last phase expected by the end of February 2025.</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zf816632ed1b742d0aedbdb8056a55f8c">

            <tr>
              <td style="width: 36pt; vertical-align: top; text-align: right;">
                <div style="text-align: left; margin-left: 18pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div>132kv/140MW and 220kv/360MW substation designs are completed with construction anticipated to be ready by the end of Q1 2025.</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zd545df8f9aa04046859025f7513ce817">

            <tr>
              <td style="width: 36pt; vertical-align: top; text-align: right;">
                <div style="text-align: left; margin-left: 18pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div>Orders for the procurement of transformers and electrical equipment have been placed, with delivery and installation work to be completed in phases over the next two quarters.</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zae508f1ed775446f91cf06b2490ac1fa">

            <tr>
              <td style="width: 36pt; vertical-align: top; text-align: right;">
                <div style="text-align: left; margin-left: 18pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div>Procurement and delivery of containers and hydro-cooling systems are in progress, with completion in phases by the end of Q1 2025.</div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);" id="za270d9dae98843729653bce8024fbefa">

          <tr>
            <td style="width: 47.62%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
              <div style="font-weight: bold;">Site / Location</div>
            </td>
            <td style="width: 17.46%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: bold;">Capacity (MW)</div>
            </td>
            <td style="width: 17.46%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: bold;">Status</div>
            </td>
            <td style="width: 17.46%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: bold;">Timing<sup style="font-family: DengXian, &#181;&#200;&#207;&#223;; vertical-align: text-top; line-height: 1; font-size: smaller;">4</sup></div>
            </td>
          </tr>
          <tr>
            <td style="width: 47.62%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold;">Electrical capacity</div>
            </td>
            <td style="width: 17.46%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 17.46%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 17.46%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          </tr>
          <tr>
            <td style="width: 47.62%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div>&#160;- Rockdale, Texas</div>
            </td>
            <td style="width: 17.46%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">563</div>
            </td>
            <td style="width: 17.46%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">Online</div>
            </td>
            <td style="width: 17.46%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">Completed</div>
            </td>
          </tr>
          <tr>
            <td style="width: 47.62%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>&#160;- Knoxville, Tennessee</div>
            </td>
            <td style="width: 17.46%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: center;">86</div>
            </td>
            <td style="width: 17.46%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: center;">Online</div>
            </td>
            <td style="width: 17.46%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: center;">Completed</div>
            </td>
          </tr>
          <tr>
            <td style="width: 47.62%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div>&#160;- Wenatchee, Washington</div>
            </td>
            <td style="width: 17.46%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">13</div>
            </td>
            <td style="width: 17.46%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">Online</div>
            </td>
            <td style="width: 17.46%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">Completed</div>
            </td>
          </tr>
          <tr>
            <td style="width: 47.62%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>&#160;- Molde, Norway</div>
            </td>
            <td style="width: 17.46%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: center;">84</div>
            </td>
            <td style="width: 17.46%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: center;">Online</div>
            </td>
            <td style="width: 17.46%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: center;">Completed</div>
            </td>
          </tr>
          <tr>
            <td style="width: 47.62%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div>&#160;- Tydal, Norway</div>
            </td>
            <td style="width: 17.46%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">50</div>
            </td>
            <td style="width: 17.46%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">Online</div>
            </td>
            <td style="width: 17.46%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">Completed</div>
            </td>
          </tr>
          <tr>
            <td style="width: 47.62%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>&#160;- Gedu, Bhutan</div>
            </td>
            <td style="width: 17.46%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: center;">100</div>
            </td>
            <td style="width: 17.46%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: center;">Online</div>
            </td>
            <td style="width: 17.46%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: center;">Completed</div>
            </td>
          </tr>
          <tr>
            <td style="width: 47.62%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="font-weight: bold;">Total electrical capacity</div>
            </td>
            <td style="width: 17.46%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: bold;">895<sup style="font-family: DengXian, &#181;&#200;&#207;&#223;; vertical-align: text-top; line-height: 1; font-size: smaller;">5</sup></div>
            </td>
            <td style="width: 17.46%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 17.46%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          </tr>
          <tr>
            <td style="width: 47.62%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold;">Pipeline capacity</div>
            </td>
            <td style="width: 17.46%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 17.46%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 17.46%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          </tr>
          <tr>
            <td style="width: 47.62%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div><a name="z_Hlk178595994"></a>&#160;- Tydal, Norway Phase 1</div>
            </td>
            <td style="width: 17.46%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">40</div>
            </td>
            <td style="width: 17.46%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">In progress</div>
            </td>
            <td style="width: 17.46%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">Pending Regulatory Approval</div>
            </td>
          </tr>
          <tr>
            <td style="width: 47.62%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>&#160;- Tydal, Norway Phase 2</div>
            </td>
            <td style="width: 17.46%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: center;">135</div>
            </td>
            <td style="width: 17.46%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: center;">In progress</div>
            </td>
            <td style="width: 17.46%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: center;">Mid 2025</div>
            </td>
          </tr>
          <tr>
            <td style="width: 47.62%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div>&#160;- Massillon, Ohio</div>
            </td>
            <td style="width: 17.46%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">221</div>
            </td>
            <td style="width: 17.46%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">In progress</div>
            </td>
            <td style="width: 17.46%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">Mid-to-late 2025</div>
            </td>
          </tr>
          <tr>
            <td style="width: 47.62%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>&#160;- Clarington, Ohio Phase 1</div>
            </td>
            <td style="width: 17.46%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: center;">266</div>
            </td>
            <td style="width: 17.46%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: center;">In progress</div>
            </td>
            <td style="width: 17.46%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: center;">Q3 2025</div>
            </td>
          </tr>
          <tr>
            <td style="width: 47.62%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div>&#160;- Clarington, Ohio Phase 2</div>
            </td>
            <td style="width: 17.46%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">304</div>
            </td>
            <td style="width: 17.46%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">Pending approval</div>
            </td>
            <td style="width: 17.46%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">Estimate 2026</div>
            </td>
          </tr>
          <tr>
            <td style="width: 47.62%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">&#160;</font>- Jigmeling, Bhutan</div>
            </td>
            <td style="width: 17.46%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: center;">500</div>
            </td>
            <td style="width: 17.46%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: center;">In progress</div>
            </td>
            <td style="width: 17.46%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: center;">Mid-to-late 2025</div>
            </td>
          </tr>
          <tr>
            <td style="width: 47.62%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div>&#160;- <font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">Rockdale</font>, Texas</div>
            </td>
            <td style="width: 17.46%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">179</div>
            </td>
            <td style="width: 17.46%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">In planning</div>
            </td>
            <td style="width: 17.46%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">Estimate 2026</div>
            </td>
          </tr>
          <tr>
            <td style="width: 47.62%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold;">Total pipeline capacity</div>
            </td>
            <td style="width: 17.46%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: center; font-weight: bold;">1,645</div>
            </td>
            <td style="width: 17.46%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 17.46%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          </tr>
          <tr>
            <td style="width: 47.62%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="font-weight: bold;">Total global electrical capacity</div>
            </td>
            <td style="width: 17.46%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: bold;">2,540</div>
            </td>
            <td style="width: 17.46%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 17.46%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          </tr>

      </table>
      <div><br>
      </div>
      <div><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">4 </sup>Indicative timing.&#160;All timing references are to calendar quarters and years.</div>
      <div><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">5 </sup>Figures may not add up due to rounding.</div>
      <div><br>
      </div>
      <div style="font-weight: bold;">Upcoming Conferences and Events</div>
      <div><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z6b82e7c61b684e4a9a69ab3d6cbea911">

            <tr>
              <td style="width: 18pt; vertical-align: top; text-align: right;">
                <div style="text-align: left; margin-left: 9pt;">&#8226;</div>
              </td>
              <td style="vertical-align: top;">
                <div style="text-indent: 18pt;">December 4, 2024: B. Riley Crypto &amp; Energy Infrastructure Conference in New York City</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z3ef80afb43ce4d48ac6be2d269389a17">

            <tr>
              <td style="width: 18pt; vertical-align: top; text-align: right;">
                <div style="text-align: left; margin-left: 9pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-indent: 18pt;">January 14-17, 2025: 27<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> Annual Needham Growth Conference</div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div style="font-weight: bold;">About&#160;Bitdeer Technologies Group</div>
      <div><br>
      </div>
      <div style="text-align: justify;">Bitdeer is a world-leading technology company for blockchain and high-performance computing. Bitdeer is committed to providing comprehensive computing solutions for its customers. The Company handles complex
        processes involved in computing such as equipment procurement, transport logistics, datacenter design and construction, equipment management, and daily operations. The Company also offers advanced cloud capabilities to customers with high demand
        for artificial intelligence. Headquartered in Singapore, Bitdeer has deployed datacenters in the United States, Norway, and Bhutan. To learn more, visit&#160;<u>https://ir.bitdeer.com/</u> or follow Bitdeer on X @ <u>BitdeerOfficial</u> and LinkedIn @
        <u>Bitdeer Group</u>.</div>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify;">Investors and others should note that Bitdeer may announce material information using its website and/or on its accounts on social media platforms, including X, formerly known as Twitter, Facebook, and LinkedIn.
        Therefore, Bitdeer encourages investors and others to review the information it posts on the social media and other communication channels listed on its website.</div>
      <div><br>
      </div>
      <div style="font-weight: bold;">Forward-Looking Statements</div>
      <div><br>
      </div>
      <div>Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute &#8220;forward-looking statements&#8221; within the meaning of The Private
        Securities Litigation Reform Act of 1995. The words &#8220;anticipate,&#8221; &#8220;look forward to,&#8221; &#8220;believe,&#8221; &#8220;continue,&#8221; &#8220;could,&#8221; &#8220;estimate,&#8221; &#8220;expect,&#8221; &#8220;intend,&#8221; &#8220;may,&#8221; &#8220;plan,&#8221; &#8220;potential,&#8221; &#8220;predict,&#8221; &#8220;project,&#8221; &#8220;should,&#8221; &#8220;target,&#8221; &#8220;will,&#8221; &#8220;would&#8221; and similar
        expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result
        of various important factors, including factors discussed in the section entitled &#8220;Risk Factors&#8221; in Bitdeer&#8217;s annual report on Form 20-F, as well as discussions of potential risks, uncertainties, and other important factors in Bitdeer&#8217;s subsequent
        filings with the&#160;U.S. Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof. Bitdeer specifically disclaims any obligation to update any forward-looking statement,
        whether due to new information, future events, or otherwise. Readers should not rely upon the information on this page as current or accurate after its publication date.</div>
      <div><br>
      </div>
      <div style="font-weight: bold;">For investor and media inquiries, please contact:</div>
      <div><br>
      </div>
      <div>Investor Relations</div>
      <div>Orange Group</div>
      <div style="color: #000000;">Yujia Zhai</div>
      <div><u>bitdeerIR@orangegroupadvisors.com</u></div>
      <div><br>
      </div>
      <div style="color: #000000;">Public Relations</div>
      <div style="color: #000000;">BlocksBridge Consulting</div>
      <div style="color: #000000;">Nishant Sharma</div>
      <div><u>bitdeer@blocksbridge.com</u></div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div>
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</SEC-DOCUMENT>
