In response to a latest submitting with the U.S. Securities and Change 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 way of a particular objective acquisition firm (SPAC) cope with 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 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 accordance with a lately revealed submitting with the U.S. Securities and Change 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.prime.
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 referred to as “Singapore’s Fort Knox.” In response to the most recent submitting with the SEC, the corporate has reached a SPAC cope with Blue Safari Group. Shareholders of Blue Safari accepted the deal at a unprecedented basic assembly on April 11, 2023.
“At this time marks a major 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 happy with what we have now achieved up to now, and stay up for embarking on the following chapter of our journey. We’re already a number one hash fee provider, and our public itemizing will permit us to make even higher contributions to the crypto economic system.”
Since 2021, publicly listed bitcoin mining firms 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 12 months for bitcoin mining firms, as the worth of bitcoin (BTC) has risen 80% for the reason that final day of December and 36.3% over the past 30 days. Over the previous week, shares of publicly listed bitcoin mining companies resembling Riot Blockchain, Bitfarms, Marathon Digital, and Cleanspark have elevated in worth towards the U.S. greenback.
What do you consider the latest surge in bitcoin costs and its influence on the publicly listed bitcoin mining companies? Do you assume Bitdeer Applied sciences Holdings’ determination to go public through SPAC cope with Blue Safari Group is a smart transfer? Share your ideas within the feedback part under.
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