Safari

Core

Bitcoin

April

<div class="textg" style="text-align: justify; font-weight: lighter; line-height: 1.3em; font-size: 15px; border-radius: 3px; color: #80909a; padding: 10px; background-color: #F4F6F9; margin-bottom: 15px;">
 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noreferrer noopener" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
</div> 
<p class="has-drop-cap">Bitdeer, a crypto mining firm founded by crypto tycoon Jihan Wu, is set to go public on Nasdaq on April 14th through a merger with a Special Acquisition Purpose Company (SPAC), the company <a aria-label="announced in a statement (opens in a new tab)" href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=317400428&amp;type=HTML&amp;symbol=BSGAU&amp;cdn=6944e8b91081b876f64f2ffa790ece8a&amp;companyName=Blue+Safari+Group+Acquisition+Corp.+Unit&amp;formType=425&amp;formDescription=Prospectuses+and+communications%2C+business+combinations&amp;dateFiled=2023-04-11" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">announced in a statement</a>. The deal values the crypto-mining firm at $4 billion.</p> 
<h3 id="bitdeer-shares-will-start-trading-on-friday-under-the-btdr-ticker">Bitdeer Shares Will Start Trading on Friday Under the “BTDR” Ticker</h3> 
<p>Crypto miner Bitdeer Technologies said it would debut on the Nasdaq stock exchange on April 14, the company announced Tuesday. The Singapore-based mining firm will go public through a $4 billion SPAC deal, which has been delayed multiple times.</p> 
<p>Bitdeer will complete the business combination with the SPAC Blue Safari Group Acquisition on April 13, while the crypto miner’s shares will debut on Nasadaq a day later under the ticker symbol “BTDR.” A SPAC, also known as a blank check company, is a publicly traded investment vehicle that raises funds through an initial public offering (IPO) to acquire an existing private company and take it public. <a aria-label="Blue Safari went public (opens in a new tab)" href="https://www.prnewswire.com/news-releases/blue-safari-group-acquisition-corp-announces-pricing-of-50-million-initial-public-offering-301309543.html" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">Blue Safari went public</a> in June last year, raising more than $57 million via the IPO.</p> 
<blockquote class="wp-block-quote"> 
 <p>“We are already a leading hash rate supplier, and our public listing will allow us to make even greater contributions to the crypto economy. Looking ahead, we are well-positioned to generate sustainable value as we execute our long-term business strategy.”</p> <cite>– said Linghui Kong, Chief Executive Officer of Bitdeer.</cite>
</blockquote> 
<div class="cta-referral"> 
 <img src="https://tokenist.com/wp-content/themes/thetokenist/assets/img/del/cta-referral-1.png" alt="" class="cta-referral__img" loading="lazy" decoding="async"> 
 <div class="cta-referral__text"> 
  <p>Join our&nbsp;<a href="https://t.me/thetokenist" target="_blank" rel="noreferrer noopener nofollow">Telegram group</a>&nbsp;and never miss a breaking digital asset story.</p> 
 </div> 
</div> 
<h3 id="spac-deals-becoming-increasingly-popular">SPAC Deals Becoming Increasingly Popular</h3> 
<p>Bitdeer <a aria-label="announced its plans (opens in a new tab)" href="https://www.reuters.com/business/crypto-mining-platform-bitdeer-go-public-through-4-bln-spac-merger-2021-11-18/" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">announced its plans</a> to go public in November 2021 when it reached a definitive merger agreement with Blue Safari. However, the deadline for the deal was delayed again in November 2022 due to a vote from the shareholders of Blue Safari. </p> 
<p>Several crypto companies opted for the SPAC route to go public in recent years. In 2021, bitcoin miner <a aria-label="Core Scientific went public (opens in a new tab)" href="https://www.reuters.com/technology/crypto-miner-core-scientific-go-public-via-43-bln-spac-deal-2021-07-21/" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">Core Scientific went public</a> through a merger with a SPAC backed by BlackRock, the world’s biggest asset manager. However, the mining firm fell prey to the 2022 crypto winter, <a href="https://tokenist.com/core-scientific-shares-drop-26-as-crypto-miner-files-for-bankruptcy/" rel="dofollow" class="deco-link">filing for bankruptcy in December 2022</a>.</p> 
<p>Bitdeer also grappled with the cold <a href="https://tokenist.com/over-12000-cryptocurrencies-have-one-month-of-no-trading-volume-in-2022/" rel="dofollow" class="deco-link">crypto winter</a> winds last year, reporting a net loss of $25 million in the first half of 2022, compared to a $113.8 million profit a year ago. Jihan Wu, a billionaire cryptocurrency entrepreneur from China, founded Bitdeer. Bitdeer was spun off from Bitmain, a bitcoin mining giant Wu co-founded in 2013.</p> 
<div class="cta-sub js__cta-sub"> 
 <div class="cta-sub__start" data-step="1"> 
  <div class="cta-sub__title">
   <strong>Finance is changing.</strong>
  </div> 
  <div class="cta-sub__subtitle">
   Learn how, with Five Minute Finance.
  </div> 
  <div class="cta-sub__excerpt">
   A weekly newsletter that covers the big trends in FinTech and Decentralized Finance.
  </div> <button type="button" class="btn">Try it out (for free)</button> 
 </div> 
 <div class="cta-sub__form" data-step="2" style="display: none;"> 
  <script type="text/javascript" src="https://app.getresponse.com/view_webform_v2.js?u=QcLhh&amp;webforms_id=zw3Wv"></script> 
 </div> 
 <div class="cta-sub__result" data-step="3" style="display: none;"> 
  <div class="cta-sub__title">
   Awesome
  </div> 
  <div class="cta-sub__caption">
   You’ve subscribed.
  </div> 
  <div class="cta-sub__greeting">
   You’re well on your way to being in the know.
  </div> 
 </div> 
</div> 
<p><em><strong>Considering market circumstances, do you think this is a good time for Bitdeer to make its public debut? Let us know in the comments below.</strong></em></p> 
<p>The post <a rel="nofollow" href="https://tokenist.com/bitcoin-mining-firm-bitdeer-to-go-public-in-a-4b-spac-deal/">Bitcoin Mining Firm Bitdeer to Go Public in $4B SPAC Deal</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Bitcoin Mining Firm Bitdeer to Go Public in $4B SPAC Deal

목차

Tokenist

2023년 4월 12일에 게재된 다른 기사

Berry Store hosts Auction that CD with idol autographs ...SF9, Cherry Bullet, and Ha Sung Woon's ...

Alpha Wallet Announces Integration with OKT Chain for Enhanced Digital Asset Management

Alchemy Pay and BingX Collaborate to Improve Off-and-On Ramp Solution

Indonesia Biggest Crypto Exchange Lists Floki Inu

BoE’s Bailey: Banks Shouldn’t Overlook Commercial Digital Money

How the SEC Crypto Regulations Bring Greater Accountability and Transparency to the Market

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!