In line with a latest submitting with the U.S. Securities and Alternate 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) cope with Blue Safari Group, as famous within the enterprise mixture submitting.
Bitdeer to Be Publicly Listed on Nasdaq Underneath the Ticker Image BTDR
A Singaporean firm, Bitdeer Applied sciences 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 revealed submitting with the U.S. Securities and Alternate 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 yr, 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, often known as “Singapore’s Fort Knox.” In line with the newest submitting with the SEC, the corporate has reached a SPAC cope with Blue Safari Group. Shareholders of Blue Safari accredited the deal at a rare basic assembly on April 11, 2023.
“Immediately marks a big milestone for Bitdeer, leaving us poised to record on the Nasdaq and outfitted to grab the expansion alternatives forward of us,” Linghui Kong, the CEO of Bitdeer mentioned in a press release. “I’m extremely pleased with what we have now achieved thus far, and look ahead to embarking on the subsequent chapter of our journey. We’re already a number one hash charge provider, and our public itemizing will enable us to make even better contributions to the crypto economic system.”
Since 2021, publicly listed bitcoin mining corporations have change into a fixture on conventional inventory exchanges. Nonetheless, many of those companies skilled vital declines of their shares throughout 2022. In distinction, 2023 has been a greater yr for bitcoin mining corporations, as the worth of bitcoin (BTC) has risen 80% for the reason that final day of December and 36.3% during the last 30 days. Over the previous week, shares of publicly listed bitcoin mining companies equivalent to Riot Blockchain, Bitfarms, Marathon Digital, and Cleanspark have elevated in worth in opposition to the U.S. greenback.
What do you concentrate on the latest surge in bitcoin costs and its affect on the publicly listed bitcoin mining companies? Do you assume Bitdeer Applied sciences Holdings’ choice to go public by way of SPAC cope with Blue Safari Group is a smart transfer? Share your ideas within the feedback part beneath.
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