December 9, 2023

BitDeer Technologies Holdings, a digital mining firm founded by crypto-billionaire Jihan Wu in 2018, plans to list on the Nasdaq this Friday, according to a recent filing with the US Securities and Exchange Commission (SEC). Bitcoin mining firm Blue is about to go public through a special purpose acquisition company (SPAC) deal with Safari Group, as reported in a business combination filing.

BitDeer to be publicly listed on Nasdaq under ticker symbol BTDR

A Singapore company, BitDeer Technologies HoldingsFounded in 2018 by former Bitmain CEO Jihan Wu, it plans to go public and list on the Nasdaq stock exchange on April 14, 2023, according to a recently published Admission with the US Securities and Exchange Commission (SEC). The firm will use the ticker symbol “BTDR”. Bitdeer operates mining farms in Europe and North America and has strategic partnerships with mining pools including, Viabtc, Foundry USA, Antpool, F2pool and

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Last September, Bitdeer set up a $250 million fund to buy assets from troubled bitcoin miners. Also in September, the company acquired Singapore’s Le Freeport storage facility, also known as the “Fort Knox of Singapore”. According to the latest filing with the SEC, the company has reached a SPAC deal with Blue Safari Group. The shareholders of Blue Safari have approved the transaction at an extraordinary general meeting on April 11, 2023.

“Today marks an important milestone for BitDear, making us ready to list on Nasdaq and well equipped to seize the growth opportunities ahead of us.” linghui kongBitdeer CEO said in a statement. “I am incredibly proud of what we have accomplished so far, and look forward to starting the next chapter of our journey. We are already a leading hash rate supplier, and our public listing will allow us to Crypto will allow us to contribute even more to the economy.

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Since 2021, publicly listed bitcoin mining companies have become a fixture on traditional stock exchanges. However, many of these firms experienced significant declines in their stocks during 2022. In contrast, 2023 has been a better year for bitcoin mining companies, as its price bitcoin (btc) 80% since the last day of December and 36.3% in the last 30 days. Over the past week, shares of publicly listed bitcoin mining firms such as Riot Blockchain, Bitfarms, Marathon Digital and CleanSpark gained in value against the US Dollar.

What do you think about the recent surge in bitcoin prices and its impact on publicly listed bitcoin mining firms? Do you think BitDear Technologies Holdings’ decision to go public through a SPAC deal with Blue Safari Group is a wise move? Share your thoughts in the comments section below.

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