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 Unlock this article instantly, along with the rest of our premium content, newsletters and data tables tracking investor and manager activity. Monthly and annual subs available.Continue Reading
