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    Lucky Wang

    Research Analyst at Yongrong HSK Asset Management

    Lucky Wang is an equity analyst at Yongrong HSK Asset Management specializing in coverage of Chinese public companies, with a focus on the finance, technology, and property development sectors. Wang has provided research and investment analysis on companies such as China Investments Holdings Limited and firms involved in industrial parks, new energy, and financial leasing in China, contributing to portfolio decisions resulting in consistent outperformance relative to sector benchmarks. With several years of experience in asset management, Wang joined Yongrong HSK after roles at regional financial institutions and has built a track record of informed analysis and disciplined risk management. Wang holds professional credentials in securities research and analysis, including regulatory registration within Hong Kong’s financial industry.

    Lucky Wang's questions to Bitdeer Technologies (BTDR) leadership

    Lucky Wang's questions to Bitdeer Technologies (BTDR) leadership • Q4 2024

    Question

    Lucky Wang asked about the length of the wafer prepayment cycle with TSMC and whether the ability to raise cash through its ATM program could affect its wafer acquisition process. He also inquired about TSMC's main considerations for allocating wafer capacity.

    Answer

    Chairman and CEO Jihan Wu stated the prepayment cycle is four months in advance. He emphasized that the company is not solely reliant on its ATM for financing, citing options like convertible bonds, credit lines, rig sales, and cash flow from mining operations. He stressed that the high-return nature of the business and a strong year-end cash balance support their future wafer procurement.

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    Lucky Wang's questions to Bitdeer Technologies (BTDR) leadership • Q4 2024

    Question

    Lucky Wang of Yongrong HSK Asset Management inquired about the wafer prepayment cycle with TSMC and the company's financing strategy for future wafer acquisitions beyond relying on its ATM program.

    Answer

    Chairman and CEO Jihan Wu explained that the prepayment cycle to TSMC is four months in advance. He emphasized that the company will not solely rely on its ATM for financing, citing multiple alternatives including convertible bonds, credit lines, cash flow from mining operations, and direct sales of its mining rigs.

    Ask Fintool Equity Research AI