TechFlow, April 17 — Wu Jihan, Chairman and CEO of Bitdeer (BTDR), posted a statement on X疑似responding to the BTDR short report. He said the report was built on a preconceived narrative, stitching together complex but unrelated facts with absurd and misleading logic, aiming to manipulate market sentiment for short sellers' profit.
He emphasized that the company will continue focusing on its core business fundamentals and long-term value creation, while reserving the right to take legal action to protect the company's reputation and shareholders' interests.
On April 16, a firm named Callisto Research released a short report on Bitdeer (BTDR), stating, "We are short Bitdeer $BTDR, a Nasdaq-listed Bitcoin mining company. We have identified red flags in Bitdeer’s disclosures, governance, and related-party transactions. We believe BTDR is not investable without comprehensive transparency reforms."
