As per a recent filing with the U.S. Securities and Exchange Commission (SEC), Bitdeer Technologies Holdings, a digital mining organization launched by crypto-mogul Jihan Wu in 2018, is scheduled to be listed on the Nasdaq on Friday. The bitcoin mining business is set to go public through a Special Purpose Acquisition Company (SPAC) arrangement with Blue Safari Group, as stated in the business combination filing.
Bitdeer to be Publicly Listed on Nasdaq with the Ticker Symbol BTDR
Bitdeer Technologies Holdings, a Singaporean enterprise, established in 2018 by the former Bitmain CEO Jihan Wu, is set to be publicly listed on the Nasdaq stock exchange on April 14, 2023, as indicated by a recently filed document with the U.S. Securities and Exchange Commission (SEC). The firm will use the ticker symbol “BTDR.” Bitdeer runs 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 launched a $250 million fund to purchase assets from troubled bitcoin miners. Also in September, the company acquired Singapore’s Le Freeport storage facility, also known as “Singapore’s Fort Knox.” As per the most recent filing with the SEC, the firm has reached a SPAC deal with Blue Safari Group. Shareholders of Blue Safari gave their approval to the deal at an extraordinary general meeting on April 11, 2023.
“Today marks a noteworthy milestone for Bitdeer, leaving us prepared to list on the Nasdaq and equipped to capitalize on the growth opportunities ahead of us,” Linghui Kong, the CEO of Bitdeer said in an announcement. “I am incredibly proud of what we have achieved so far, and look forward to commencing the next chapter of our journey. We are already a leading hash rate supplier, and our public listing will permit us to make even greater contributions to the crypto economy.”
Since 2021, publicly listed bitcoin mining companies have become a standard on traditional stock exchanges. In any case, a lot of these firms experienced considerable decreases in their stocks during 2022. Then again, 2023 has been a better year for bitcoin mining companies, as the cost of bitcoin (BTC) has ascended 80% since the most recent day of December and 36.3% over the most recent 30 days. During the course of the most recent week, stocks of publicly listed bitcoin mining firms, for example, Riot Blockchain, Bitfarms, Marathon Digital, and Cleanspark have increased in value against the U.S. dollar.
What do you think about the recent surge in bitcoin prices and its impact on the publicly listed bitcoin mining firms? Do you believe that Bitdeer Technologies Holdings’ decision to go public via SPAC deal with Blue Safari Group is a wise decision? Share your thoughts in the comments section below.
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