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Digital mining giant Bitdeer climbs aboard the SPAC Train

Christopher FaillebyChristopher Faille
November 30, 2021
in CTAs/Managed Futures, Manager News, Private Equity
Digital mining giant Bitdeer climbs aboard the SPAC Train

By macondoso

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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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Tags: CryptoSPAC
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