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Business Merger Between Bitdeer and Blue Safari Approved by SEC

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On March 28th, the United States Securities and Exchange Commission (SEC) approved the proposed business merger between Bitdeer and Blue Safari, a special purpose acquisition compa

Business Merger Between Bitdeer and Blue Safari Approved by SEC

On March 28th, the United States Securities and Exchange Commission (SEC) approved the proposed business merger between Bitdeer and Blue Safari, a special purpose acquisition company. The business merger valued Bitdeer at approximately $1.18 billion. After the business merger is completed, the merged company BTG will become a NASDAQ listed company under the stock code BTDR.

Bitter Deer is about to be listed on NASDAQ through SPAC, with a valuation of approximately $1.18 billion

Introduction

On March 28th, 2021, the United States Securities and Exchange Commission (SEC) approved the proposed business merger between Bitdeer and Blue Safari, a special purpose acquisition company (SPAC). The business merger valued Bitdeer at approximately $1.18 billion. After the business merger is completed, the merged company BTG will become a NASDAQ listed company under the stock code BTDR.

What is Bitdeer?

Bitdeer is a global leader in the cryptocurrency mining industry that provides mining infrastructure and services to customers worldwide. The company offers state-of-the-art computing power for mining digital currencies such as Bitcoin, Ethereum, and Litecoin. Bitdeer has a network of data centers located in regions with abundant energy resources, including North America, Europe, and Asia.

What is Blue Safari?

Blue Safari is a special purpose acquisition company that is focused on the technology, media, and telecom industries. The company’s goal is to identify potential merger and acquisition targets that have the potential for growth and profitability.

Details of the Business Merger

Under the terms of the business merger, Bitdeer will become a subsidiary of Blue Safari, and the merged company will be named BTG. The business merger is expected to close in the second quarter of 2021, subject to customary closing conditions. After the completion of the business merger, Bitdeer’s management team will remain in place, and Jihan Wu, one of Bitdeer’s co-founders, will become the chairman of the board of BTG.

Significance of the Business Merger

The approval of the business merger between Bitdeer and Blue Safari is significant for several reasons. First, it provides Bitdeer with access to additional capital that will enable the company to expand its mining infrastructure and services. Second, the business merger will allow Bitdeer to become a NASDAQ listed company, which will provide the company with increased visibility and credibility in the cryptocurrency industry. Finally, the business merger is expected to create significant value for Bitdeer’s shareholders, as the company’s growth prospects are enhanced by the merger.

Future of Bitdeer and the Cryptocurrency Industry

The business merger between Bitdeer and Blue Safari highlights the growing importance of the cryptocurrency industry in the global economy. As more businesses and individuals adopt digital currencies, the demand for mining infrastructure and services is expected to continue to grow. Bitdeer’s position as a global leader in the cryptocurrency mining industry puts the company in a strong position to benefit from this trend.

Conclusion

The approval of the business merger between Bitdeer and Blue Safari is a significant milestone for both companies and the cryptocurrency industry. The merger will provide Bitdeer with additional capital, increased visibility, and enhanced growth prospects, while also creating value for the company’s shareholders. The cryptocurrency industry is expected to continue to grow in importance in the coming years, and Bitdeer is well-positioned to benefit from this trend.

FAQs

1. What is Bitdeer?
– Bitdeer is a global leader in the cryptocurrency mining industry that provides mining infrastructure and services to customers worldwide.
2. What is Blue Safari?
– Blue Safari is a special purpose acquisition company that is focused on the technology, media, and telecom industries.
3. When is the business merger expected to close?
– The business merger is expected to close in the second quarter of 2021.

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