Wu Jihan seemingly responds to BTDR's short-selling report: the logic is absurd, reserves the right to take legal action

ChainCatcher news, Wu Jihan, Chairman and CEO of Bitdeer (stock code BTDR), issued a statement on X that seemingly responds to the BTDR short report. He stated that the report is based on a predetermined stance, piecing together complex but unrelated facts, and constructing a narrative using absurd and misleading logic, with the aim of manipulating market sentiment for the benefit of short sellers. He emphasized that the company will continue to focus on the fundamentals of its actual business and long-term value creation, while reserving the right to take legal action to protect the company's reputation and shareholder interests.

On April 16, an institution named Callisto Research released a short report on Bitdeer (BTDR), stating, "We are shorting Bitdeer BTDR, a Bitcoin mining company listed on NASDAQ. We have identified dangerous signals in Bitdeer's disclosures, governance, and related-party transactions. We believe that without thorough transparency reforms, BTDR is not worth investing in."