Bitdeer Technologies Group Appoints Founder Jihan Wu as CEO
Date: 2024-01-30 Author: Dima Zakharov Categories: IN WORLD
In a surprising development, Bitdeer Technologies Group has revealed that its founder, Jihan Wu, will assume the role of Chief Executive Officer (CEO) of the corporation starting March 1st. The current CEO, Linghoy Kong, who has held the position for the past three years, will transition to the role of Chief Business Officer (CBO) and maintain his position within the company's leadership.
Jihan Wu, a prominent figure in the cryptocurrency industry, expressed his intent to focus the company's resources on advancing the most cutting-edge technologies while also aiming to bring top-tier talent into his team. This leadership change signifies a strategic move to drive innovation and growth within the organization.
As of the latest available data, Bitdeer Technologies Group, listed on NASDAQ under the ticker symbol BTDR and headquartered in Singapore, boasts a market capitalization of $684 million. The financial reports for the third quarter of 2023 indicated a revenue of $254 million, while the annual revenue for 2022 reached $333 million. According to Cantor Fitzgerald's analysis, the cost of Bitcoin mining for Bitdeer Technologies Group stands at $17,744 per thousand dollars.
This change in leadership is expected to bring a fresh perspective to Bitdeer Technologies Group and could potentially shape its future trajectory in the dynamic technology landscape.
