Bitdeer Technologies Group secured $40 million from a $200 million debt facility opened with Matrix Finance in May 2025; both Bitdeer and Matrix Finance are led by Jihan Wu, who is also the co-founder of cryptocurrency mining rig manufacturing company Bitmain.

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Bitdeer also raised capital from Tether in 2024 and secured $40 million from a debt facility with Matrix Finance in May. Both Bitdeer and Matrix are led by Jihan Wu, co-founder of Bitmain.

The firm also opened a $200 million debt facility with Matrix Finance last month and secured about $40 million from the deal. Both Bitdeer and Matrix Finance are helmed by Jihan Wu, co-founder of the cryptocurrency mining rig manufacturer Bitmain, The Block previously reported.