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.