Bitdeer and Blue Safari Business Merger: What It Means for Crypto Mining

03/28/2023 01:58 • Blockchain Briefs • 81 views

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: Bitdeer Meets Blue Safari

What is Bitdeer and Blue Safari?

Before diving into the details of the business merger, it is important to understand what Bitdeer and Blue Safari are.

Bitdeer

Bitdeer is a cryptocurrency mining service platform that provides users with easy access to mining services. It has partnered with some of the world’s largest mining companies to provide its users with the best-in-class mining facilities. Bitdeer was founded in 2018 and is headquartered in Singapore.

Blue Safari

Blue Safari is a special purpose acquisition company (SPAC) that is focused on acquiring companies in the technology industry. SPACs are shell companies that are formed to raise capital through an initial public offering (IPO) with the intention of using the capital to acquire an existing company.

The Business Merger

Now that we understand what Bitdeer and Blue Safari are, let’s dive into the details of the business merger.

Valuation

The business merger valued Bitdeer at approximately $1.18 billion. This is a significant accomplishment for Bitdeer, which has grown rapidly since its inception in 2018.

NASDAQ Listing

After the business merger is completed, the merged company BTG will become a NASDAQ listed company under the stock code BTDR. This is a significant achievement and will give Bitdeer access to a wider pool of investors.

What This Means for Crypto Mining

The business merger between Bitdeer and Blue Safari is significant for the crypto mining industry.

#Increased Accessibility

With Bitdeer’s easy-to-use platform and Blue Safari’s access to capital, the merged company will be able to expand its services and make crypto mining more accessible to a wider audience.

#Increased Efficiency

The merged company will also be able to improve the efficiency of its mining operations, thanks to Blue Safari’s expertise in acquiring and integrating technology companies.

#Increased Innovation

Finally, the merged company will be able to leverage Blue Safari’s expertise in the technology industry to develop new and innovative products and services.

Conclusion

In conclusion, the business merger between Bitdeer and Blue Safari is a significant event in the world of crypto mining. It will enable the merged company to expand its services, improve efficiency, and develop new and innovative products and services. With the merger set to complete soon, it will be interesting to see how the merged company performs in the years to come.

FAQs

What is Bitdeer?

Bitdeer is a cryptocurrency mining service platform that provides users with easy access to mining services.

What is Blue Safari?

Blue Safari is a special purpose acquisition company (SPAC) that is focused on acquiring companies in the technology industry.

What is a SPAC?

A SPAC is a shell company that is formed to raise capital through an initial public offering (IPO) with the intention of using the capital to acquire an existing company.

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