Crypto Miner Bitdeer to Go Public on Nasdaq via SPAC Deal

Bitdeer Technologies, a Singapore-based cryptocurrency mining firm founded by Chinese crypto tycoon Jihan Wu, is set to go public on Nasdaq on April 14 via a SPAC merger with Blue Safari Group Acquisition. The company, which operates six mining centers in the U.S. and Norway with an aggregate power capacity of 775 megawatts, is expected to begin trading under the ticker symbol "BTDR" on Friday. Bitdeer announced the SPAC deal in November 2021, and its public listing will allow it to make even greater contributions to the crypto economy, said CEO Linghui Kong. In the first half of 2022, Bitdeer booked a net loss of $25.2 million, compared to a net profit of $113.8 million in the same period in 2021.

(By TIMMY SHEN)

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