According to a recent filing with the US Securities and Exchange Commission (SEC), Bitdeer Technologies Holdings, a digital mining company founded by crypto billionaire Jihan Wu in 2018, plans to list on Nasdaq this Friday. The bitcoin mining company is scheduled to go public through a special purpose acquisition partnership (SPAC) agreement with Blue Safari Group, as outlined in the business combination filing.
Bitdeer will be publicly listed on Nasdaq under the symbol BTDR
A Singapore company, Bitdeer Technologies HoldingsFounded in 2018 by former Bitmain CEO Jihan Wu, it plans to go public and list on the Nasdaq stock exchange on April 14, 2023, according to a recently published report. presentation with the United States Securities and Exchange Commission (SEC). The company 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 set up a $250 million fund to buy 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 reached a SPAC agreement with Blue Safari Group. Blue Safari shareholders approved the deal at an extraordinary general meeting on April 11, 2023.
“Today marks an important milestone for Bitdeer, leaving us ready to list on the Nasdaq and equipped to take advantage of the growth opportunities that lie ahead.” linghui kongthe Bitdeer CEO said in a statement. “I am incredibly proud of what we have accomplished so far and look forward to embarking on the next chapter of our journey. We are already a leading provider of hash rates, and our public listing will allow us to make even greater contributions to the crypto economy.”
Since 2021, publicly traded bitcoin mining companies have become a fixture on traditional stock exchanges. However, many of these companies saw significant declines in their shares during 2022. By contrast, 2023 has been a better year for bitcoin mining companies, as the price of Bitcoin (BTC) it is up 80% since the last day of December and 36.3% in the last 30 days. Over the past week, shares of publicly traded bitcoin mining companies such as Riot Blockchain, Bitfarms, Marathon Digital, and Cleanspark have risen in value against the US dollar.
What do you think about the recent rise in bitcoin prices and its impact on publicly traded bitcoin mining companies? Do you think Bitdeer Technologies Holdings’ decision to go public through the SPAC agreement with Blue Safari Group is a wise move? Share your thoughts in the comments section below.
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