Digital mining giant Bitdeer climbs aboard the SPAC Train

The Bitdeer Group, a Singapore-based provider of services to the miners of digital assets, plans to list on NASDAQ through a merger with a special purpose acquisition company, Blue Safari Group (BSGA).

The Bitdeer Group was founded by Jihan Wu, the co-founder of Bitmain and Matrixport. The BSGA deal values it at approximately $4 billion.

Bitdeer has long had private backing from venture capital firms Sequoia Capital, IDG, and others. Its proposed path to a public listing recalls an observation made by Victoria Saucier, CEO of Humanax Acquisitions SPAC in the

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Christopher Faille

Christopher Faille has written on a variety of legal, regulatory, and financial issues for decades. He is the author of "The Decline and Fall of the Supreme Court" (1995), for example, and the coauthor, with David O'Connor, of "Basic Economic Principles" (2000). He was an early reporter with Lipper HedgeWorld and has contributed to Forbes and to the Hedge Fund Law Report.
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