Crypto mining platform Bitdeer to go public through $4 billion SPAC merger


FILE PHOTO: A small toy figure and representations of the virtual currency Bitcoin stand on a motherboard in this picture illustration taken May 20, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) - Bitdeer Technologies said on Thursday it plans to go public by merging with blank-check firm Blue Safari Group Acquisition Corp in a deal valuing the cryptocurrency mining platform at $4 billion.

The Singapore-based company was spun-off from Chinese bitcoin mining giant Bitmain in January and has been doubling down on its adoption of renewable technology in digital asset mining.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

Italy fines Amazon 10 million euros for alleged unfair commercial practices
Filtronic's shares soar on partnering with Musk's SpaceX
Americans’ new TV habit: Subscribe. Watch. Cancel. Repeat.
Google postpones phasing out of ad cookies in Chrome browser
Girl in China dips feet into lake at historic Beijing site, says family is rich so can do as she pleases after warning
First Covid, now heat: Online schooling returns to the Philippines
These apps allow US workers to get paid between paychecks. Experts say there are steep costs
Cyberattacks are on the rise, and that includes small businesses. Here’s what to know
Recycled ‘zombie’ misinformation targets US voters
Malaysia to roll out QR code immigration system for factory workers commuting to Singapore

Others Also Read