Bitdeer (BTDR) Chairman and CEO Wu Jihan issued a statement on X in response to the BTDR short selling report, stating that the report is based on a predetermined position, piecing together complex but unrelated facts, using absurd and misleading logic to construct a narrative, with the aim of manipulating market sentiment for the benefit of short sellers. He emphasized that the company will continue to focus on practical business fundamentals and long-term value creation, while retaining the right to take legal action to protect the company's reputation and shareholder interests.
On April 16th, Callisto Research released a short selling report on Bitcoin Mining Corporation (BTDR) and stated, "We are short selling BTDR, a Bitcoin mining company listed on NASDAQ. We have found that there are warning signs regarding BTDR's disclosure, governance, and related party transactions. We believe that without thorough transparency reforms, BTDR is not worth investing in
