Today news
About the same in other media
Bitdeer to go public via SPAC merger valuing the bitcoin mining company at $4 billion
Reading now: 990
markets.businessinsider.comFEDERICO PARRA / Getty Images
Bitcoin mining company Bitdeer on Thursday announced it is going public by merging with blank-check firm Blue Safari Group Acquisition in a deal valued at $4 billion.
The Singapore-based firm plans to list on the Nasdaq after the deal closes in the first quarter of next year. The combined company will be renamed Bitdeer Technologies Group.
Upon completion, founder and chair Jihan Wu will retain control of the firm. The transaction was unanimously approved by the boards of the two companies.
Bitdeer has been ramping up operations and currently runs five mining data centers in the US and Norway. The company also provides mining-related services.
It was spun off from Chinese bitcoin mining giant Bitmain in January
Read more on markets.businessinsider.comAbout this in other media
Explained: Why IMF does not support El Salvador’s use of Bitcoin as legal tender cnbctv18.com /3 years ago
Bitcoin mining power crunch: Kazakhstan looks toward nuclear solution cointelegraph.com /3 years ago
El Salvador plans first 'Bitcoin City', backed by bitcoin bonds economictimes.indiatimes.com /3 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
