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    Lucky Wang • Yongrong HSK Asset Management

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

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

    Question

    Lucky Wang asked about the length of the wafer prepayment cycle with TSMC. He also expressed concern that potential stock dilution from the $1B ATM program could affect the company's ability to fund future wafer orders and asked about alternative financing methods.

    Answer

    Chairman and CEO Jihan Wu stated the prepayment cycle for wafers is four months in advance. He then elaborated that the company is not solely reliant on the ATM for financing, citing multiple avenues including convertible bonds, credit lines, selling mining rigs, and using cash flow from mining operations. He emphasized the high-return nature of the business and the strong cash and inventory position at year-end provide flexibility.

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    Lucky Wang's questions to Bitdeer Technologies Group (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.

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