According to data from NASDAQ, 14 new institutional investors acquired shares of Bitdeer, a Singaporean world-leading technology company for blockchain and high-performance computing. The information shows that the company gained 14 investors as of September 30, 2023. The new shareholders now own a combined 258,806 shares, with Swiss National Bank initiating the largest position at 62,688 shares.Notable institutions that joined Bitdeer's investor list include Geode Capital Management, Vanguard Group, Virtu Financial, Renaissance Technologies, UBS GROUP AG, and Jane Street Group. Additionally, well-known global banks and financial institutions such as Bank of America, Deutsche Bank, Barclays, Morgan Stanley, State Street, and the California State Teachers' Retirement System also became shareholders.

According to Nasdaq data, on November 27th, 14 new institutional investors bought shares in cryptocurrency mining company Bitdeer（Nasdaq：BTDR）, with a total of 258,806 shares currently held by the new shareholders until September 30, 2023. The Swiss National Bank holds the most shares at 62,688.Prominent institutions joining the list of Bitdeer investors include Geode Capital Management, Vanguard Group, Virtu Financial, Renaissance Technologies, UBS GROUP AG, and Jane Street Group. In addition, globally renowned banks and financial institutions such as Bank of America, Deutsche Bank, Barclays Bank, Morgan Stanley, Deutsche Bank, and the California State Teachers' Retirement System have also become shareholders.

Cryptocurrency mining company Hive Digital Technologies announced a property transfer agreement with Turis AB in Sweden, taking over assets previously part of the EU Horizon 2020 project. This is to expand its business in Sweden and increase Bitcoin production.

Cryptocurrency mining company Argo Blockchain announced the appointment of Thomas Chippas as CEO and Executive Director on social media. Thomas previously served as CEO of CBOE Digital and has executive experience at Citadel, Axoni, Citigroup, and Barclays Bank.

According to CoinDesk, Phoenix Group, a cryptocurrency mining company, completed its IPO on the Abu Dhabi Securities Exchange (ADX) with an oversubscription of 33 times. It is reported that Phoenix Group conducts mining operations through custody services and cloud-based services. In addition, it operates a cryptocurrency exchange called M2, with its native token being MMX.<br>Earlier on November 15th, it was reported that Phoenix Group, a blockchain and cryptocurrency solution provider in Abu Dhabi, would conduct an IPO on the Abu Dhabi Securities Exchange on November 16th. Phoenix Group set the tender offer price at 1.5 dirhams per share, with a total of 1.36 billion dirhams (approximately US$370 million) in shares expected to be sold.<br>In addition, IHC, a UAE international holding company, recently acquired 10% of Phoenix Group's equity.

Its recent analyst report provides some compelling points entitled Bitdeer “Recent Sell-Off Creates Compelling Buying Opportunity”. Highlights that Bitdeer’s “business fundamentals remain strong” and that many of its shares were subject to a lock-up agreement, which impacted trading volume once it expired. “As shares now trade below 1x our 2024 revenue estimate, vs. a ~3x revenue multiple ascribed to large-scale mining peers.”

On November 21st, cryptocurrency mining company Phoenix Group completed its IPO on the Abu Dhabi Securities Exchange, receiving 33 times oversubscription. The company issued 907,323,529 shares of stock, with retail investors oversubscribing by 180 times and professional investors oversubscribing by 22 times. The tender offer period will end on November 18th, and the listing is scheduled for December 4th, 2023, with the trading code being PHX.<br>As previously reported by BlockBeats, on November 15th, Phoenix Group announced that it would conduct an IPO on the Abu Dhabi Securities Exchange on November 16th. Phoenix Group set the tender offer price at 1.5 dirhams per share, and is expected to sell a total of 1.36 billion dirhams (approximately 370 million US dollars) in shares.

A man surnamed Zheng and others in Taiwan set up a virtual currency mine to steal electricity. They set up eight mines in Taichung and stole nearly 80 million New Taiwan dollars (about 2.51 million U.S. dollars) of electricity. After investigation, the prosecutor's office prosecuted Zheng and five others, and considering that the wires of two mines were close to melting and could cause public danger, the court was requested to impose heavy penalties.

Official WeChat account of the First Intermediate People's Court of Hainan Province announced the trial result of a "mining" contract dispute case. It pointed out that the relevant agreements signed by purchasing dedicated "mining machines" to calculate and produce virtual currency through "mining" activities do not comply with the spirit of Article 9 of the Civil Code of the People's Republic of China or mandatory provisions of relevant administrative regulations. They are detrimental to social public interests and violate public order and good customs, and therefore should be invalid. The risk of losses from providing services such as purchasing "mining machines" and leasing venues for hosting is borne by the provider. "Mining" is a risk investment activity, and the policy risks, technical risks, and investment loss risks caused by it during the "mining" process should be borne by the investor.

On November 10th, Metabit Network established the Metabit Foundation Blockchain Ecological Fund in Singapore on November 8th, marking its new journey in the global blockchain field. The Metabit Foundation plans to officially launch in early 2024 and incubate a diverse range of ecological projects globally. The foundation will adopt a synchronous online and offline approach and select the following 10 countries for global launch through mining programs worldwide, including the United States, Japan, Germany, South Korea, India, Brazil, the Philippines, Vietnam, Canada, and Thailand. The formulation of this strategy aims to promote the global development of blockchain technology, promote the vigorous development of new projects, and provide more extensive participation opportunities for global users. The establishment of the Metabit Foundation is considered an important move in the industry, aiming to make positive contributions to the innovation of blockchain technology and the prosperity of the global ecosystem.