Bitdeer Technologies, a bitcoin mining firm founded by crypto-billionaire Jihan Wu in 2018, plans to be listed on Nasdaq this Friday.
Singapore’s Le Freeport storage facility, also known as “Singapore’s Fort Knox.” According to the latest filing with the SEC, the company has reached a SPAC deal with Blue Safari Group. Shareholders of Blue Safari approved the deal at an extraordinary general meeting on April 11, 2023.
“Today marks a significant milestone for Bitdeer, leaving us poised to list on the Nasdaq and equipped to seize the growth opportunities ahead of us,”, the CEO of Bitdeer said in a statement. “I am incredibly proud of what we have achieved so far, and look forward to embarking on the next chapter of our journey. We are already a leading hash rate supplier, and our public listing will allow us to make even greater contributions to the crypto economy.
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 shares during 2022. In contrast, 2023 has been a better year for bitcoin mining companies, as the price ofhas risen 80% since the last day of December and 36.3% over the last 30 days.
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