<SEC-DOCUMENT>0001140361-25-008242.txt : 20250312
<SEC-HEADER>0001140361-25-008242.hdr.sgml : 20250312
<ACCEPTANCE-DATETIME>20250312083055
ACCESSION NUMBER:		0001140361-25-008242
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20250312
FILED AS OF DATE:		20250312
DATE AS OF CHANGE:		20250312

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:		25730077

	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>ef20045171_6k.htm
<DESCRIPTION>6-K
<TEXT>
<html style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left;">
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    <div>
      <div style="text-align: center; font-size: 14pt; font-weight: bold;">UNITED STATES</div>
      <div style="text-align: center; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
      <div style="text-align: center; font-size: 12pt; font-weight: bold;">Washington, D.C. 20549</div>
      <div>&#160;</div>
      <div>
        <div>
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      </div>
      <div>&#160;</div>
      <div style="text-align: center; font-size: 18pt; font-weight: bold;">FORM 6-K</div>
      <div>&#160;</div>
      <div>
        <div>
          <hr noshade="noshade" align="center" style="background-color: #000000; border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 0px auto; height: 2px; color: #000000; text-align: center;"></div>
      </div>
      <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 March 2025</div>
      <div>&#160;</div>
      <div style="text-align: center; font-weight: bold;">Commission file number: 001-41687</div>
      <div>&#160;</div>
      <div>
        <div>
          <hr noshade="noshade" align="center" style="background-color: #000000; border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 0px auto; height: 2px; color: #000000; text-align: center;"></div>
        <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="background-color: #000000; border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 0px auto; height: 2px; color: #000000; text-align: center;"></div>
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      <div style="text-align: center; font-weight: bold;"> <br>
      </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 style="text-align: left;"> <br>
      </div>
      <div style="text-align: left;">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 style="text-align: left;"> <br>
      </div>
      <div style="text-align: left;">
        <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;"> </div>
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      </div>
      <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="z0ed825b76dd04b2fbe2f5a4517854168" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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            <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 style="width: 10%; vertical-align: top;" rowspan="1">&#160;</td>
            <td style="width: 90%; vertical-align: top;" rowspan="1">&#160;</td>
          </tr>
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            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="color: rgb(0, 0, 0);"><a href="ef20045171_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 February 2025 Production and Operations Update</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
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      <div style="text-align: center; font-weight: bold;">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>
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            <td style="width: 50%; vertical-align: top;">&#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;" rowspan="1">&#160;</td>
            <td style="vertical-align: top;" colspan="2" rowspan="1">&#160;</td>
          </tr>
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            <td style="width: 50%; vertical-align: top;">&#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;">&#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;">&#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;">&#160;</td>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 45%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div>Date: March 12, 2025</div>
            </td>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 45%; vertical-align: top;">&#160;</td>
          </tr>

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ef20045171_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 99.1</font><br>
    </div>
    <div style="text-align: right;"><font style="font-weight: bold;"> <br>
      </font></div>
    <div style="text-align: right;"><br>
      <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;"><a name="z_Hlk152250285"></a>Bitdeer Announces February 2025 Production and Operations Update</div>
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            <td style="width: 18pt; vertical-align: top;">-</td>
            <td style="width: auto; vertical-align: top;">
              <div>SEAL03 sample wafers achieved a power efficiency of 9.7 J/TH at the chip level during chip verification and prototype testing while running at low voltage, ultra power-saving mode</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z7b337e7ef61145f4906900c188387a7c">

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            </td>
            <td style="width: 18pt; vertical-align: top;">-</td>
            <td style="width: auto; vertical-align: top;">
              <div>Anticipate SEALMINER A3 mass production to commence in the latter half of 2025</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: left;"><font style="font-weight: bold;">SINGAPORE, March 12, 2025 (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 February 2025.</div>
      <div><br>
      </div>
      <div style="text-align: left; font-weight: bold;">Operational Update</div>
      <div><br>
      </div>
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            </td>
            <td style="width: 13.5pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top;">
              <div><font style="font-weight: bold;">Self-mined Bitcoin: </font>110 bitcoins, down from January 2025 due to less days in February.</div>
            </td>
          </tr>

      </table>
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            </td>
            <td style="width: 13.5pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-weight: bold;">Mining Rig Manufacturing and R&amp;D:</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z459e47a54252474c9a9c4b26d90ef420">

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            <td style="width: 22.5pt;"><br>
            </td>
            <td style="width: 13.5pt; vertical-align: top;">o</td>
            <td style="width: auto; vertical-align: top;">
              <div>SEALMINER A1:</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="za9e83277a3994ba89d9bfbacb2a53aee">

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            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 13.5pt; vertical-align: top;">o</td>
            <td style="width: auto; vertical-align: top;">
              <div>Mass production of approximately 3.7 EH/s of mining rigs is nearly finalized.</div>
            </td>
          </tr>

      </table>
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            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 13.5pt; vertical-align: top;">o</td>
            <td style="width: auto; vertical-align: top;">
              <div>0.7 EH/s are energized, 0.4 EH/s have been delivered for installation, 0.2 EH/s are in-transit to datacenters, 2.3 EH/s have been produced and ready for shipment and 0.1 EH/s remain in production. We expect to ship all remaining mining
                machines to mining facilities in March 2025.</div>
            </td>
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            <td style="width: 22.5pt;"><br>
            </td>
            <td style="width: 13.5pt; vertical-align: top;">o</td>
            <td style="width: auto; vertical-align: top;">
              <div>SEALMINER A2:</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z19db3c0bdeec44f08543092329b53ccb">

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            <td style="width: 36pt;"><br>
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            <td style="width: 13.5pt; vertical-align: top;">o</td>
            <td style="width: auto; vertical-align: top;">
              <div>Production of approximately 35 EH/s are expected to be completed in October 2025, of which 0.6 EH/s have been produced and are ready for shipment. We expect approximately another 1 EH/s to be manufactured in March 2025.</div>
            </td>
          </tr>

      </table>
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            <td style="width: 36pt;"><br>
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            <td style="width: 13.5pt; vertical-align: top;">o</td>
            <td style="width: auto; vertical-align: top;">
              <div>Approximately 7 EH/s out of the 35 EH/s of SEALMINER A2s allocated for external sales are expected to begin shipment in March 2025.</div>
            </td>
          </tr>

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            <td style="width: 36pt;"><br>
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            <td style="width: 13.5pt; vertical-align: top;">o</td>
            <td style="width: auto; vertical-align: top;">
              <div>Recently, certain customers have requested to delay their final payment for SEALMINER A2s due to lower Bitcoin price. Furthermore, they have also requested alternative purchase options for future generations of SEALMINER machines. As
                such, Bitdeer plans to redirect SEALMINER A2s previously allocated for external sale to self-mining to avoid idle inventory. However, the Company is confident that all 7 EH/s will be sold in the near future.</div>
            </td>
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            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 13.5pt; vertical-align: top;">o</td>
            <td style="width: auto; vertical-align: top;">
              <div>While allowing customers to delay final payment, Bitdeer will retain customers&#8217; down payment on SEALMINER A2s.</div>
            </td>
          </tr>

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            <td style="width: 18pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top;">o</td>
            <td style="width: auto; vertical-align: top;">
              <div>SEALMINER A3:</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zbe25922c0a2e401fb297b5a43d820b0a">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 13.5pt; vertical-align: top;">o</td>
            <td style="width: auto; vertical-align: top;">
              <div>SEAL03 sample wafers achieved an energy efficiency of 9.7 J/TH at the chip level during chip verification and prototype testing while running at low voltage, ultra power-saving mode.</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z5c6fef9a3058475fb5a1cb6e5a751d84">

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            <td style="width: 22.5pt;"><br>
            </td>
            <td style="width: 13.5pt; vertical-align: top;">o</td>
            <td style="width: auto; vertical-align: top;">
              <div>SEALMINER A4:</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zfc32b858c7554c4c8daa27e5875fc84e">

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            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 13.5pt; vertical-align: top;">o</td>
            <td style="width: auto; vertical-align: top;">
              <div>SEAL04 R&amp;D remains on track to achieve an expected chip efficiency of approximately 5 J/TH with anticipated initial tape-out in Q3 2025.</div>
            </td>
          </tr>

      </table>
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            <td style="width: 4.5pt;"><br>
            </td>
            <td style="width: 13.5pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-weight: bold;">HPC/AI:</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z60539e136cec480294e30a7ba7c72171">

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            <td style="width: 22.5pt;"><br>
            </td>
            <td style="width: 13.5pt; vertical-align: top;">o</td>
            <td style="width: auto; vertical-align: top;">
              <div>Discussions are ongoing with multiple development partners and potential end users for select large scale sites in U.S. for HPC/AI.</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z4f7321eeba824de09e7c11235aeda8ab">

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            <td style="width: 4.5pt;"><br>
            </td>
            <td style="width: 13.5pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-weight: bold;">Hosting:</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zf300efa662124d5ab4d50d88fc43a040">

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            <td style="width: 22.5pt;"><br>
            </td>
            <td style="width: 13.5pt; vertical-align: top;">o</td>
            <td style="width: auto; vertical-align: top;">
              <div>Client-hosted machines decreased by 17,000 units or 1.7 EH/s in February, due to customers kept disposing their less efficient mining rigs.</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="ze8c7907bd743410fbd40c84cc15d1d6b">

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            <td style="width: 4.5pt;"><br>
            </td>
            <td style="width: 13.5pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-weight: bold;">Infrastructure:</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z42caeea040dd4eff979427cef429ffef">

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            <td style="width: 22.5pt;"><br>
            </td>
            <td style="width: 13.5pt; vertical-align: top;">o</td>
            <td style="width: auto; vertical-align: top;">
              <div>Tydal, Norway, 40 MW phase 1 expansion energization application has entered into the fast track for final regulatory approval.</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z50b370b660ef4ca8aaa740340a014a03">

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            <td style="width: 22.5pt;"><br>
            </td>
            <td style="width: 13.5pt; vertical-align: top;">o</td>
            <td style="width: auto; vertical-align: top;">
              <div>Rockdale, Texas, USA, 100 MW hydro-cooling conversion is on track to commence phased energization in March 2025, of which approximately half of the capacity will be used for operating SEALMINER A1 Hydro-cooled machines. As of the date of
                this report, more than 500 units of&#160; SEALMINER A1 Hydro-cooled machines have already been energized, running stably with very low defective rate and the Company expects more SEALMINER A1 Hydro-cooled and SEALMINER A2 series mining rigs will
                be delivered to Rockdale, Texas in March 2025.</div>
            </td>
          </tr>

      </table>
      <div> <br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="page-break-after: always;" class="BRPFPageBreak">
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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="z01f00c35b03e474188d21e9512987ad0">

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            <td style="width: 22.5pt;"><br>
            </td>
            <td style="width: 13.5pt; vertical-align: top;"><a name="z_Hlk190273743"></a>o</td>
            <td style="width: auto; vertical-align: top;">
              <div>Clarington Phase 2, Ohio, USA, 304 MW is still pending approval and in negotiation with the landlord.</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zee30dae4c5b24635a8cad4ffe4e39aea">

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            </td>
            <td style="width: 13.5pt; vertical-align: top;">o</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 the end of March 2025.</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zff11cf9fc8c946ceb359a9239dcd18da">

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            <td style="width: 4.5pt;"><br>
            </td>
            <td style="width: 13.5pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-weight: bold;">Share Repurchase:</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zfa4dd995b5b94f4295460500ada6f3ae">

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            <td style="width: 22.5pt;"><br>
            </td>
            <td style="width: 13.5pt; vertical-align: top;">o</td>
            <td style="width: auto; vertical-align: top;">
              <div>Completed the repurchased approximately US$9 million of the Company&#8217;s Class A ordinary shares at the end of February 2025 while the share price dropped significantly.</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z9604ec5b61b348349cb1747803f8b84c">

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            <td style="width: 22.5pt;"><br>
            </td>
            <td style="width: 13.5pt; vertical-align: top;">o</td>
            <td style="width: auto; vertical-align: top;">
              <div>The Company&#8217;s board of directors approved a new share repurchase program to repurchase up to additional US$20 million worth of its Class A ordinary shares effective from February 28, 2025 through February 28, 2026.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: left; font-weight: bold;">Management Commentary</div>
      <div><br>
      </div>
      <div style="text-align: left;">We expect nearly all SEALMINER A1s to be energized during March and April 2025. Further, we remain focused on executing our chip roadmap on SEALMINER A2 and SEALMINER A3. We will leverage our massive 2.6 GW power
        portfolio for HPC/AI. We have advanced discussions with multiple development partners and potential end users for selecting large scale sites in U.S. and hope to provide an update to investors in the coming months.</div>
      <div><br>
      </div>
      <div style="text-align: left; font-weight: bold;">Production and Operations Summary</div>
      <div><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" align="center" style="font-family: 'Times New Roman'; font-size: 10pt; width: 90%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);" id="z3fe7bad0bd4444f98c7123769b8ab4d9">

            <tr>
              <td style="background-color: rgb(255, 255, 255); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0); vertical-align: top; width: 44.76%;">
                <div style="color: rgb(0, 0, 0); font-weight: bold;">Metrics</div>
              </td>
              <td style="background-color: rgb(255, 255, 255); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0); vertical-align: middle; width: 15%;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Feb 2025</div>
              </td>
              <td style="background-color: rgb(255, 255, 255); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0); vertical-align: middle; width: 15%;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Jan 2025</div>
              </td>
              <td style="background-color: rgb(255, 255, 255); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0); vertical-align: middle; width: 15%;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Dec 2024</div>
              </td>
            </tr>
            <tr>
              <td style="width: 44.76%; vertical-align: middle; background-color: rgb(204, 238, 255); 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: 15%; vertical-align: middle; background-color: rgb(204, 238, 255); 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;">20.9</div>
              </td>
              <td style="width: 15%; vertical-align: middle; background-color: rgb(204, 238, 255); 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;">22.4</div>
              </td>
              <td style="width: 15%; vertical-align: middle; background-color: rgb(204, 238, 255); 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;">21.6</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;- Proprietary hash rate</div>
              </td>
              <td style="width: 15%; 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;">9.4</div>
              </td>
              <td style="width: 15%; 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;">9.2</div>
              </td>
              <td style="width: 15%; 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;">8.9</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; Self-mining</div>
              </td>
              <td style="width: 15%; 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;">9.0</div>
              </td>
              <td style="width: 15%; 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: 15%; 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;">8.5</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; Cloud Hash Rate</div>
              </td>
              <td style="width: 15%; 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;">-</div>
              </td>
              <td style="width: 15%; 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;">-</div>
              </td>
              <td style="width: 15%; 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;">-</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; Delivered but not hashing</div>
              </td>
              <td style="width: 15%; 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;">0.4</div>
              </td>
              <td style="width: 15%; 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;">0.5</div>
              </td>
              <td style="width: 15%; 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;">0.4</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>&#160;- Hosting</div>
              </td>
              <td style="width: 15%; 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;">11.5</div>
              </td>
              <td style="width: 15%; 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;">13.2</div>
              </td>
              <td style="width: 15%; 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;">12.7</div>
              </td>
            </tr>
            <tr>
              <td style="width: 44.76%; vertical-align: bottom; background-color: rgb(204, 238, 255); 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: 15%; vertical-align: middle; background-color: rgb(204, 238, 255); 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;">163,000</div>
              </td>
              <td style="width: 15%; vertical-align: middle; background-color: rgb(204, 238, 255); 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;">179,000</div>
              </td>
              <td style="width: 15%; vertical-align: middle; background-color: rgb(204, 238, 255); 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;">175,000</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;- Self-owned<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup></div>
              </td>
              <td style="width: 15%; 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;">88,000</div>
              </td>
              <td style="width: 15%; 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;">87,000</div>
              </td>
              <td style="width: 15%; 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;">85,000</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;- Hosted</div>
              </td>
              <td style="width: 15%; 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;">75,000</div>
              </td>
              <td style="width: 15%; 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>
              <td style="width: 15%; 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;">90,000</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 style="font-weight: bold;">Bitcoins mined (self-mining only)</div>
              </td>
              <td style="width: 15%; 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;">110</div>
              </td>
              <td style="width: 15%; 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;">126</div>
              </td>
              <td style="width: 15%; 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;">145</div>
              </td>
            </tr>
            <tr>
              <td style="width: 44.76%; vertical-align: bottom; background-color: rgb(204, 238, 255); 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;">Bitcoin held<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3</sup></div>
              </td>
              <td style="width: 15%; vertical-align: middle; background-color: rgb(204, 238, 255); 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;">1,039</div>
              </td>
              <td style="width: 15%; vertical-align: middle; background-color: rgb(204, 238, 255); 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;">724</div>
              </td>
              <td style="width: 15%; vertical-align: middle; background-color: rgb(204, 238, 255); 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;">594</div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div style="text-align: left;"><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 February 28, 2025 across the Company&#8217;s three primary business lines: Self-mining, Cloud Hash Rate, and Hosting.</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="z1dffa39843764103a9e5f1985b3f906b">

          <tr>
            <td style="width: 9pt;"><br>
            </td>
            <td style="width: 9pt; vertical-align: top;">&#8226;</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>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z2b491357d21443e691b5abe189e1c91d">

          <tr>
            <td style="width: 9pt;"><br>
            </td>
            <td style="width: 9pt; vertical-align: top;">&#8226;</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.</font></div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z94c4194dfad6469a8ec19e214b32f20d">

          <tr>
            <td style="width: 9pt;"><br>
            </td>
            <td style="width: 9pt; vertical-align: top;">&#8226;</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 style="text-align: left;"><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 style="text-align: left;"><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="text-align: left; font-weight: bold;">Additional Details Regarding CEO&#8217;s Rule 10b5-1 Plan</div>
      <div style="text-align: left;">As previously announced on February 25, 2025, Chairman of the Board and Chief Executive Officer, Jihan Wu, has adopted a plan to sell up to 4 million ordinary shares of the Company on multiple pre-determined dates
        starting in March 2025 and ending no later than the earlier of June 15, 2025 or the date that the aggregate number of ordinary shares sold under the Plan reaches 4 million. The plan was designed to comply with Rule 10b5-1 under the Securities
        Exchange Act of 1934, as amended (the &#8220;plan&#8221;). The Company was informed of the terms of the plan as follows:</div>
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            </td>
            <td style="width: 18pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top;">
              <div>1 million Class A ordinary shares may be sold under the plan if the price per share is $16.5 or higher,</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zebb16b2074af4299baaa079f2270a222">

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            </td>
            <td style="width: 18pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top;">
              <div>2 million shares may be sold under the plan if the price per share is $26.7 or higher,</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z4e61511b14ab4c389252bc2dbbd07ba2">

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            </td>
            <td style="width: 18pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top;">
              <div>3 million shares may be sold under the plan if the price per share is $43.2 or higher, and</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z20c148fddb724bc08874a525f81a9217">

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            </td>
            <td style="width: 18pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top;">
              <div>4 million shares may be sold under the plan if the price per share is $69.9 or higher.</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z689a4e96e434428593b228042339b0a0">

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            <td style="width: 18pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top;">
              <div>The number of shares to be sold under the plan on each trading day shall not exceed 8% of the reported daily trading volume of the shares on such day.</div>
            </td>
          </tr>

      </table>
      <div> <br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
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      </div>
      <div style="text-align: left; font-weight: bold;">Infrastructure Construction Update</div>
      <div><br>
      </div>
      <div style="text-align: left; font-style: italic;"><font style="font-weight: bold;">Rockdale, Texas</font> &#8211; 100 MW Hydro-cooling conversion energization commenced:</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" id="z4ad08fb939494838900d47ac096f6b37">

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            <td style="width: 18pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top;">
              <div>Cooling system will be delivered and installed in phases in Q1 2025.</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z871a622a3d1d4f5492a014a35515180c">

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            <td style="width: 18pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top;">
              <div>Energization began in early March 2025.</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zfbfd50d1322a4411bee98e10e07a6c49">

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            </td>
            <td style="width: 18pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top;">
              <div>Planning for energization in accordance with the phase of delivery of mining rigs.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: left;"><font style="font-weight: bold; font-style: italic;">Tydal, Norway</font> &#8211; <font style="font-style: italic;">175 MW site expansion anticipated to be fully energized by mid-2025:</font></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" id="z8c522a7f0c564253bfe1eda792395e51">

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            </td>
            <td style="width: 18pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top;">
              <div>Installation of the transformers has been completed, with the delivery and installation of electrical equipment 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>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z518264d76c3d48aabbe66b71f501315a">

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            </td>
            <td style="width: 18pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top;">
              <div>Tydal, Norway Phase 1 40 MW expansion pending regulatory approval. Energization of the full 175 MW site is expected to occur no later than mid-2025, subject to regulatory approval.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: left; font-style: italic;"><font style="font-weight: bold;">Massillon, Ohio</font> &#8211; 221 MW site construction has begun ahead of schedule:</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" id="zf726233f47cd46958cb1d4127ebd1e59">

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            </td>
            <td style="width: 18pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top;">
              <div>Substation construction is underway and is expected to be completed in Q3 2025.</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z52ccc16034f04080bf86f03154c282d8">

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            </td>
            <td style="width: 18pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top;">
              <div>Building design is completed and construction has begun earlier than expected, estimated to be completed in phases between Q3 and Q4 2025.</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zf2387d5b32e648e28624a2e4d2e8fa95">

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            </td>
            <td style="width: 18pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top;">
              <div>Estimated energization is expected to be completed in phases over Q3 and Q4 2025.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: left; font-style: italic;"><font style="font-weight: bold;">Clarington Phase 2, Ohio</font> &#8211; 304 MW is still pending approval and in negotiation with the landlord.</div>
      <div><br>
      </div>
      <div style="text-align: left; font-style: italic;"><font style="font-weight: bold;">Jigmeling, Bhutan</font> &#8211; 500 MW site is progressing well, with the following key milestones achieved:</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" id="zdc545c2552324b4ca25e66c437ea4f4b">

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

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z450b085b963d47d8b9bf63b55b6dac32">

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            </td>
            <td style="width: 18pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top;">
              <div>132kv/140MW and 220kv/360MW substation designs are completed, and construction will be completed in phases over Q1 and Q2 2025.</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zafd7e94220cc4954b56d377db66f3ead">

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            </td>
            <td style="width: 18pt; vertical-align: top;">&#8226;</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 Q1 and Q2 2025.</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z57d277ea656f4458896d3522af386ace">

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            </td>
            <td style="width: 18pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top;">
              <div>Procurement and delivery of containers and hydro-cooling systems are in progress, will be completed in phases over Q1 and Q2 2025.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: left; font-style: italic;"><font style="font-weight: bold;">Fox Creek, Alberta</font> &#8211; 101 MW site acquired in Alberta sits on 19 acres is fully licensed and permitted:</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" id="z9d28318420094e9da53faf94fe94fed7">

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            </td>
            <td style="width: 18pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top;">
              <div>Acquisition includes all permits and licenses to construct an on-site natural gas power plant, as well as approval for a 99 MW grid interconnection with Alberta Electric System Operator (&#8220;AESO&#8221;).</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zad7f656f7041496f964467cda9962c77">

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            </td>
            <td style="width: 18pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top;">
              <div>Bitdeer will develop and construct the power plant in partnership with a leading Engineering, Procurement and Construction (&#8220;EPC&#8221;) company and is expected to be energized by Q4 2026.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
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              <div style="color: rgb(0, 0, 0); font-weight: bold; background-color: rgb(255, 255, 255);">Site / Location</div>
            </td>
            <td style="width: 15%; vertical-align: middle; background-color: rgb(31, 56, 100); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold; background-color: rgb(255, 255, 255);">Capacity (MW)</div>
            </td>
            <td style="width: 15%; vertical-align: middle; background-color: rgb(31, 56, 100); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold; background-color: rgb(255, 255, 255);">Status</div>
            </td>
            <td style="width: 15%; vertical-align: middle; background-color: rgb(31, 56, 100); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold; background-color: rgb(255, 255, 255);">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: 44.76%; vertical-align: middle; background-color: rgb(204, 238, 255); 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="color: rgb(0, 0, 0); font-weight: bold;">Electrical capacity</div>
            </td>
            <td style="width: 15%; vertical-align: middle; background-color: rgb(204, 238, 255); 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: 15%; vertical-align: middle; background-color: rgb(204, 238, 255); 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: 15%; vertical-align: middle; background-color: rgb(204, 238, 255); 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: 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>&#160;- Rockdale, Texas</div>
            </td>
            <td style="width: 15%; 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);">563</div>
            </td>
            <td style="width: 15%; 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);">Online</div>
            </td>
            <td style="width: 15%; 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);">Completed</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); background-color: rgb(204, 238, 255);">
              <div>&#160;- Knoxville, Tennessee</div>
            </td>
            <td style="width: 15%; 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</div>
            </td>
            <td style="width: 15%; 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;">Online</div>
            </td>
            <td style="width: 15%; 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;">Completed</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>&#160;- Wenatchee, Washington</div>
            </td>
            <td style="width: 15%; 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);">13</div>
            </td>
            <td style="width: 15%; 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);">Online</div>
            </td>
            <td style="width: 15%; 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);">Completed</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); background-color: rgb(204, 238, 255);">
              <div>&#160;- Molde, Norway</div>
            </td>
            <td style="width: 15%; 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;">84</div>
            </td>
            <td style="width: 15%; 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;">Online</div>
            </td>
            <td style="width: 15%; 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;">Completed</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="color: rgb(0, 0, 0);">&#160;- Tydal, Norway</div>
            </td>
            <td style="width: 15%; 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);">50</div>
            </td>
            <td style="width: 15%; 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);">Online</div>
            </td>
            <td style="width: 15%; 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);">Completed</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); background-color: rgb(204, 238, 255);">
              <div>&#160;- Gedu, Bhutan</div>
            </td>
            <td style="width: 15%; 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;">100</div>
            </td>
            <td style="width: 15%; 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;">Online</div>
            </td>
            <td style="width: 15%; 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;">Completed</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="color: rgb(255, 255, 255); font-weight: bold;">
                <div style="color: rgb(255, 255, 255); font-weight: bold;">
                  <div style="color: rgb(0, 0, 0); font-weight: bold;">Total electrical capacity</div>
                </div>
              </div>
            </td>
            <td style="width: 15%; 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); color: 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: 15%; 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);">&#160;</td>
            <td style="width: 15%; 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);">&#160;</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); background-color: rgb(204, 238, 255);">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">Pipeline capacity</div>
            </td>
            <td style="width: 15%; 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);">&#160;</td>
            <td style="width: 15%; 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);">&#160;</td>
            <td style="width: 15%; 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);">&#160;</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="color: rgb(0, 0, 0);"><a name="z_Hlk178595994"></a>&#160;- Tydal, Norway Phase 1</div>
            </td>
            <td style="width: 15%; 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);">40</div>
            </td>
            <td style="width: 15%; 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);">In progress</div>
            </td>
            <td style="width: 15%; 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);">Pending Regulatory Approval</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); background-color: rgb(204, 238, 255);">
              <div>&#160;- Tydal, Norway Phase 2</div>
            </td>
            <td style="width: 15%; 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;">135</div>
            </td>
            <td style="width: 15%; 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;">In progress</div>
            </td>
            <td style="width: 15%; 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;">Mid 2025</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="color: rgb(0, 0, 0);">&#160;- Massillon, Ohio</div>
            </td>
            <td style="width: 15%; 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);">221</div>
            </td>
            <td style="width: 15%; 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);">In progress</div>
            </td>
            <td style="width: 15%; 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);">Q4 2025</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); background-color: rgb(204, 238, 255);">
              <div>&#160;- Clarington, Ohio Phase 1</div>
            </td>
            <td style="width: 15%; 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;">266</div>
            </td>
            <td style="width: 15%; 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;">In progress</div>
            </td>
            <td style="width: 15%; 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;">Q3 2025</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>&#160;- Clarington, Ohio Phase 2</div>
            </td>
            <td style="width: 15%; 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;">304</div>
            </td>
            <td style="width: 15%; 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;">Pending approval</div>
            </td>
            <td style="width: 15%; 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;">Estimate 2026</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); background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">&#160;</font>- Jigmeling, Bhutan</div>
            </td>
            <td style="width: 15%; 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; color: rgb(0, 0, 0);">500</div>
            </td>
            <td style="width: 15%; 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; color: rgb(0, 0, 0);">In progress</div>
            </td>
            <td style="width: 15%; 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; color: rgb(0, 0, 0);">Mid-to-late 2025</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="text-indent: -4.5pt; margin-left: 4.5pt; font-weight: normal;">-&#160; Rockdale, Texas</div>
            </td>
            <td style="width: 15%; 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;">179</div>
            </td>
            <td style="width: 15%; 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 planning</div>
            </td>
            <td style="width: 15%; 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;">Estimate 2026</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); background-color: rgb(204, 238, 255);">
              <div style="text-indent: -4.5pt; margin-left: 4.5pt; font-weight: normal;">-&#160; Alberta, Canada</div>
            </td>
            <td style="width: 15%; 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;">99</div>
            </td>
            <td style="width: 15%; 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;">In planning</div>
            </td>
            <td style="width: 15%; 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;">Q4 2026</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="color: rgb(0, 0, 0); font-weight: bold;">Total pipeline capacity</div>
            </td>
            <td style="width: 15%; 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); font-weight: bold;">1,744</div>
            </td>
            <td style="width: 15%; 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); color: rgb(0, 0, 0);">&#160;</td>
            <td style="width: 15%; 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); color: rgb(0, 0, 0);">&#160;</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); background-color: rgb(204, 238, 255);">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">Total global electrical capacity</div>
            </td>
            <td style="width: 15%; 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; color: rgb(0, 0, 0); font-weight: bold;">2,639</div>
            </td>
            <td style="width: 15%; 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); color: rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 15%; 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); color: rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: left;"><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 style="text-align: left;"><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="text-align: left; font-weight: bold;">Upcoming Conferences and Events</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" id="zdbdb1bd0ca644b66abb55e7fffb98c4f">

          <tr>
            <td style="width: 18pt;"><br>
            </td>
            <td style="width: 13.5pt; vertical-align: top;">o</td>
            <td style="width: auto; vertical-align: top;">
              <div><font style="font-weight: bold;">March 11 &#8211; 12, 2025:</font> Cantor Global Technology Conference in New York City</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z3a98b3928af44e14b2d4452d04e016c6">

          <tr>
            <td style="width: 18pt;"><br>
            </td>
            <td style="width: 13.5pt; vertical-align: top;">o</td>
            <td style="width: auto; vertical-align: top;">
              <div><font style="font-weight: bold;">March 16 &#8211; 18, 2025:</font> 37th Annual ROTH Growth Conference in Dana Point, California</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z705574dd9ad24c0fb747593ef51b61eb">

          <tr>
            <td style="width: 18pt;"><br>
            </td>
            <td style="width: 13.5pt; vertical-align: top;">o</td>
            <td style="width: auto; vertical-align: top;">
              <div><font style="font-weight: bold;">March 18 &#8211; 20, 2025:</font> Jefferies 6th Asia Forum in Hong Kong</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z25066b9c13604ae0a72b8667a711e225">

          <tr>
            <td style="width: 18pt;"><br>
            </td>
            <td style="width: 13.5pt; vertical-align: top;">o</td>
            <td style="width: auto; vertical-align: top;">
              <div><font style="font-weight: bold;">April 8, 2025:</font> JonesResearch Healthcare and Technology Innovation Conference in Las Vegas, Nevada</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zdfb4c9013744419593f70bb2a00b7074">

          <tr>
            <td style="width: 18pt;"><br>
            </td>
            <td style="width: 13.5pt; vertical-align: top;">o</td>
            <td style="width: auto; vertical-align: top;">
              <div><font style="font-weight: bold;">May 21 &#8211; 22, 2025: </font>B. Riley 25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> Annual Investor Conference in Marina del Rey</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z0c3343202b284e66acd25a6da46cab0f">

          <tr>
            <td style="width: 18pt;"><br>
            </td>
            <td style="width: 13.5pt; vertical-align: top;">o</td>
            <td style="width: auto; vertical-align: top;">
              <div><font style="font-weight: bold;">May 28, 2025:</font> Orange Group 2nd Annual Sell-side and Buy-side Conference during Bitcoin 2025 in Las Vegas, Nevada</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: left; font-weight: bold;">About 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, <u>visit 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="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="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: left; font-weight: bold;">Forward-Looking Statements</div>
      <div><br>
      </div>
      <div style="text-align: left;">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 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="text-align: left; font-weight: bold;">For investor and media inquiries, please contact:</div>
      <div><br>
      </div>
      <div style="text-align: left;">Investor Relations</div>
      <div style="text-align: left;">Orange Group</div>
      <div style="text-align: left; color: #000000;">Yujia Zhai</div>
      <div style="text-align: left; color: rgb(0, 0, 0);"><u>bitdeerIR@orangegroupadvisors.com</u></div>
      <div><br>
      </div>
      <div style="text-align: left; color: #000000;">Public Relations</div>
      <div style="text-align: left; color: #000000;">BlocksBridge Consulting</div>
      <div style="text-align: left; color: #000000;">Nishant Sharma</div>
      <div style="text-align: left; color: rgb(0, 0, 0);"><u>bitdeer@blocksbridge.com</u></div>
      <div><br>
      </div>
      <br>
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