TechFlow reports, according to U.S. Securities and Exchange Commission (SEC) regulatory filings, Bitdeer has entered into a common stock purchase agreement with B. Riley Principal Capital II, allowing it to sell up to $150 million in Class A ordinary shares.
B. Riley Financial is known for its extensive involvement in investments and M&A activities with publicly listed cryptocurrency mining companies and is also one of the major creditors of Core Scientific. In addition, in 2022, they signed a $100 million equity transaction agreement with Iris Energy.
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