Bitcoin Miner Bitdeer Technologies to List on Nasdaq via SPAC Deal

Bitcoin Miner Bitdeer Technologies to List on Nasdaq via SPAC Deal

According to a recent filing with the U.S. Securities and Exchange Commission (SEC), Bitdeer Technologies Holdings, a digital mining firm founded by crypto-billionaire Jihan Wu in 2018, plans to be listed on Nasdaq this Friday. The bitcoin mining firm is scheduled to go public through a special purpose acquisition company (SPAC) deal with Blue Safari Group, as noted in the business combination filing. Bitdeer to Be Publicly Listed on Nasdaq Under the Ticker Symbol BTDR

A Singaporean company, Bitdeer Technologies Holdings, founded in 2018 by former Bitmain CEO Jihan Wu, plans to go public and be listed on the Nasdaq stock exchange on April 14, 2023, according to a recently published filing with the U.S. Securities and Exchange Commission (SEC). The firm will use the ticker symbol “BTDR.” Bitdeer operates mining farms in Europe and North America and has strategic partnerships with mining pools including Btc.com, Viabtc, Foundry USA, Antpool, F2pool, and Btc.top.

In September of last year, Bitdeer established a $250 million fund to purchase assets from distressed bitcoin miners. Also in September, the company acquired Singapore’s Le Freeport storage facility, also known as “Singapore’s Fort Knox.” According to the latest filing with the SEC, the company has reached a SPAC deal with Blue Safari Group. Shareholders of Blue Safari approved the deal at an extraordinary general meeting on April 11, 2023.

“Today marks a significant milestone for Bitdeer, leaving us poised to list on the Nasdaq and equipped to seize the growth opportunities ahead of us,” Linghui Kong, the CEO of Bitdeer said in a statement. “I am incredibly proud of what we have achieved so far, and look forward to embarking on the next chapter of our journey. We are already a leading hash rate supplier, and our public listing will allow us to make even greater contributions to the crypto economy.”

Since 2021, publicly listed bitcoin mining companies have become a fixture on traditional stock exchanges. However, many of these firms experienced significant declines in their shares during 2022. In contrast, 2023 has been a better year for bitcoin mining companies, as the price of bitcoin (BTC) has risen 80% since the last day of December and 36.3% over the last 30 days. Over the past week, shares of publicly listed bitcoin mining firms such as Riot Blockchain, Bitfarms, Marathon Digital, and Cleanspark have increased in value against the U.S. dollar. Tags in this story Antpool, Assets, Bitcoin, Bitdeer Public, Bitdeer SPAC deal, Bitdeer Technologies Holdings, Bitfarms, Blue Safari Group, BTC.com, BTC.TOP, ceo, Cleanspark, contributions, crypto economy, decline, Distressed Miners, F2Pool, Foundry USA, growth, Hash rate, increase, Jihan Wu, journey, Le Freeport, Linghui Kong, Marathon Digital, market, mining, Mining Pools, nasdaq, opportunities, Price, publicly listed, Riot Blockchain, shares, Singapore, SPAC, stock exchanges, storage facility, strategic partnerships, traditional, ViaBTC

What do you think about the recent surge in bitcoin prices and its impact on the publicly listed bitcoin mining firms? Do you think Bitdeer Technologies Holdings’ decision to go public via SPAC deal with Blue Safari Group is a wise move? Share your thoughts in the comments section below. Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Binance US to Delist Tron and Spell Tokens Amid Heightened Regulatory Pressure NEWS | 11 hours ago Warren Buffett Likens Bitcoin to Gambling and Chain Letters in Recent Interview NEWS | 13 hours ago

Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleChina Fines Bitmain $3.6 Million for Tax Violations, Report Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItRipple CEO: SEC Lawsuit Over XRP "Has Gone Exceedingly Well"

The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.Today"s Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits NFT Sales Volume Saw a Small Uptick This Week — Moonbirds, Mutant Apes Take Top Sales Privacy-Centric Monero Plans for July Hard Fork, Plans Include Ring Signature, Bulletproof Upgrade Fed"s Bullard Wants to Raise Bank Rate to 3.5% by Year"s End, Hints at 75 Basis Point Rate Hike