Bitdeer Technologies, a crypto miner, will go public by merging with blank-check firm Blue Safari Group ($BSGA@Hong Kong) in a deal valuing the cryptocurrency mining platform at $4 billion. The Singapore-based company was spun off from Chinese Bitcoin (
$78,421.00 ) mining giant Bitmain in January and has been doubling down on its adoption of renewable technology in digital asset mining. Bitdeer currently operates 5 proprietary mining data centers in the United States and Norway. The SPAC, Blue Safari Group, went public in June, raising $57.5 million from its initial public offering. This year, several companies in the digital asset space have chosen the blank-check route to public markets. Bitdeer said it plans to list on the Nasdaq stock exchange after the deal closes in the first quarter of next year.
View at DailyMotion
$2,473.66 ) Blockchain News
