Bitdeer signed a Class A common stock purchase agreement with B. Riley for up to $150 million

ChainCatcher news, according to SEC regulatory documents, Bitdeer has signed a common stock purchase agreement with B. Riley Primary Capital II, granting the right to sell up to $150 million of Class A common stock to B. Riley Primary Capital II.

It is reported that B. Riley Financial is extensively involved in the investment and mergers of cryptocurrency mining listed companies. It is also one of the largest creditors of Core Scientific and signed a $100 million equity transaction agreement with Iris Energy in 2022.

ChainCatcher previously reported that a judge in Texas will approve a $70 million loan from B. Riley Commercial Capital to the bankrupt Bitcoin mining company Core Scientific.