Bitdeer, a leading technology company for the cryptocurrency mining community, and Blue Safari Group Acquisition Corp. have announced that their business combination has been approved by Blue Safari’s shareholders.
The Business Combination is expected to close on April 13, 2023, and upon completion, Bitdeer Technologies Group will remain as the combined company. Bitdeer’s shares are expected to start trading on the Nasdaq under the ticker symbol “BTDR” on April 14, 2023.
The official results of the vote will be included in a current report on Form 8-K to be filed by Blue Safari with the U.S. Securities and Exchange Commission (SEC) today.
Bitdeer is headquartered in Singapore and operates six mining data centers worldwide, with an aggregate electricity capacity of 775MW at the end of 2022. The company’s three primary business lines are proprietary mining, hash rate sharing, and hosting, all of which are supported by Minerplus, its self-developed, integrated, intelligent software platform.
Linghui Kong, CEO of Bitdeer, expressed his excitement for the public listing of Bitdeer on the Nasdaq, saying that it is a significant milestone for the company and that they are ready to seize growth opportunities ahead of them. He also believes that Bitdeer is well-positioned to generate sustainable value as it executes its long-term business strategy.
Naphat Sirimongkolkasem, CFO and Director of Blue Safari, expressed his excitement about the future of Bitdeer and believes that their exceptional work, unwavering commitment to innovation, and delivery of value to their community have been instrumental to their accomplishments.
Cooley LLP and Travers Thorp Alberga served as legal counsel to Bitdeer, while Davis Polk & Wardwell LLP, Haiwen & Partners, Shook Lin & Bok LLP, and Ogier served as the legal counsel to Blue Safari. Royson Valuation Advisory Limited served as valuation advisor and IJW & Co., Ltd. provided a fairness opinion to the Board of Directors and Officers of Blue Safari. Brigoal Consulting Limited served as transaction service advisor to Blue Safari.
Read more:
- BitDeer Generates $75 Million Through Cloud Mining, $60 Million In Hosting Segment
- Bitdeer Technologies To Become Publicly Listed Company On Nasdaq Through Blue Safari Acquisition