Bitcoin Miner Bitdeer Technologies to List on Nasdaq via SPAC Deal

According to a caller filing with the U.S. Securities and Exchange Commission (SEC), Bitdeer Technologies Holdings, a integer mining steadfast founded by crypto-billionaire Jihan Wu successful 2018, plans to beryllium listed connected Nasdaq this Friday. The bitcoin mining steadfast is scheduled to spell nationalist done a peculiar intent acquisition institution (SPAC) woody with Blue Safari Group, arsenic noted successful the concern operation filing.

Bitdeer to Be Publicly Listed connected Nasdaq Under the Ticker Symbol BTDR

A Singaporean company, Bitdeer Technologies Holdings, founded successful 2018 by erstwhile Bitmain CEO Jihan Wu, plans to spell nationalist and beryllium listed connected the Nasdaq banal speech connected April 14, 2023, according to a precocious published filing with the U.S. Securities and Exchange Commission (SEC). The steadfast volition usage the ticker awesome “BTDR.” Bitdeer operates mining farms successful Europe and North America and has strategical partnerships with mining pools including Btc.com, Viabtc, Foundry USA, Antpool, F2pool, and Btc.top.

In September of past year, Bitdeer established a $250 cardinal fund to acquisition assets from distressed bitcoin miners. Also successful September, the institution acquired Singapore’s Le Freeport retention facility, besides known arsenic “Singapore’s Fort Knox.” According to the latest filing with the SEC, the institution has reached a SPAC woody with Blue Safari Group. Shareholders of Blue Safari approved the woody astatine an bonzer wide gathering connected April 11, 2023.

“Today marks a important milestone for Bitdeer, leaving america poised to database connected the Nasdaq and equipped to prehend the maturation opportunities up of us,” Linghui Kong, the CEO of Bitdeer said successful a statement. “I americium incredibly arrogant of what we person achieved truthful far, and look guardant to embarking connected the adjacent section of our journey. We are already a starring hash complaint supplier, and our nationalist listing volition let america to marque adjacent greater contributions to the crypto economy.”

Since 2021, publically listed bitcoin mining companies person go a fixture connected accepted banal exchanges. However, galore of these firms experienced important declines successful their shares during 2022. In contrast, 2023 has been a amended twelvemonth for bitcoin mining companies, arsenic the terms of bitcoin (BTC) has risen 80% since the past time of December and 36.3% implicit the past 30 days. Over the past week, shares of publically listed bitcoin mining firms specified arsenic Riot Blockchain, Bitfarms, Marathon Digital, and Cleanspark person accrued successful worth against the U.S. dollar.

What bash you deliberation astir the caller surge successful bitcoin prices and its interaction connected the publically listed bitcoin mining firms? Do you deliberation Bitdeer Technologies Holdings’ determination to spell nationalist via SPAC woody with Blue Safari Group is simply a omniscient move? Share your thoughts successful the comments conception below.

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