In response to a current submitting with the U.S. Securities and Trade Fee (SEC), Bitdeer Applied sciences Holdings, a digital mining agency based by crypto-billionaire Jihan Wu in 2018, plans to be listed on Nasdaq this Friday. The bitcoin mining agency is scheduled to go public by means of a particular goal acquisition firm (SPAC) take care of Blue Safari Group, as famous within the enterprise mixture submitting.
Bitdeer to Be Publicly Listed on Nasdaq Below the Ticker Image BTDR
A Singaporean firm, Bitdeer Technologies Holdings, based in 2018 by former Bitmain CEO Jihan Wu, plans to go public and be listed on the Nasdaq inventory alternate on April 14, 2023, in keeping with a just lately printed filing with the U.S. Securities and Trade Fee (SEC). The agency will use the ticker image “BTDR.” Bitdeer operates mining farms in Europe and North America and has strategic partnerships with mining swimming pools together with Btc.com, Viabtc, Foundry USA, Antpool, F2pool, and Btc.high.
In September of final 12 months, Bitdeer established a $250 million fund to buy belongings from distressed bitcoin miners. Additionally in September, the corporate acquired Singapore’s Le Freeport storage facility, also called “Singapore’s Fort Knox.” In response to the most recent submitting with the SEC, the corporate has reached a SPAC take care of Blue Safari Group. Shareholders of Blue Safari permitted the deal at a unprecedented basic assembly on April 11, 2023.
“Right this moment marks a major milestone for Bitdeer, leaving us poised to listing on the Nasdaq and geared up to grab the expansion alternatives forward of us,” Linghui Kong, the CEO of Bitdeer stated in a press release. “I’m extremely happy with what we’ve achieved to date, and stay up for embarking on the subsequent chapter of our journey. We’re already a number one hash price provider, and our public itemizing will permit us to make even larger contributions to the crypto financial system.”
Since 2021, publicly listed bitcoin mining firms have grow to be a fixture on conventional inventory exchanges. Nevertheless, many of those corporations skilled important declines of their shares throughout 2022. In distinction, 2023 has been a greater 12 months for bitcoin mining firms, as the worth of bitcoin (BTC) has risen 80% because the final day of December and 36.3% during the last 30 days. Over the previous week, shares of publicly listed bitcoin mining corporations equivalent to Riot Blockchain, Bitfarms, Marathon Digital, and Cleanspark have elevated in worth in opposition to the U.S. greenback.
What do you consider the current surge in bitcoin costs and its affect on the publicly listed bitcoin mining corporations? Do you assume Bitdeer Applied sciences Holdings’ choice to go public through SPAC take care of Blue Safari Group is a clever transfer? Share your ideas within the feedback part under.
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