Crypto Miner Bitdeer IPO

Bitdeer Technologies, a crypto miner, will go public by merging with blank-check firm Blue Safari Group ($BSGA@Hong Kong) in a deal valuing the cryptocurrency mining platform at $4 billion. The Singapore-based company was spun off from Chinese Bitcoin mining giant Bitmain in January and has been doubling down on its adoption of renewable technology in digital asset mining. Bitdeer currently operates 5 proprietary mining data centers in the United States and Norway. The SPAC, Blue Safari Group, went public in June, raising $57.5 million from its initial public offering. This year, several companies in the digital asset space have chosen the blank-check route to public markets. Bitdeer said it plans to list on the Nasdaq stock exchange after the deal closes in the first quarter of next year.

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