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Bitdeer Approves Merger and Starts Trading On NASDAQ

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On April 12th, it was announced that Bitdeer, a mining company under Wu Jihan, had approved their previously announced merger at the Blue Safari extraordinary shareholders\’ meeting

Bitdeer Approves Merger and Starts Trading On NASDAQ

On April 12th, it was announced that Bitdeer, a mining company under Wu Jihan, had approved their previously announced merger at the Blue Safari extraordinary shareholders’ meeting on April 11th. The merger is expected to be completed on April 13th, 2023. After completion, Bitdeer Technologies Group will continue to serve as the merged company, and its shares are expected to start trading on NASDAQ on April 14, 2023, under the stock code “BTDR”.

Bitter Deer, a mining company under Wu Jihan, will go public on NASDAQ on April 14th

Introduction

On April 12th, it was announced that Bitdeer, a mining company under Wu Jihan, had approved their previously announced merger at the Blue Safari extraordinary shareholders’ meeting on April 11th. The merger is expected to be completed on April 13th, 2023. After completion, Bitdeer Technologies Group will continue to serve as the merged company, and its shares are expected to start trading on NASDAQ on April 14, 2023, under the stock code “BTDR”.

What Is Bitdeer?

Bitdeer is a mining company founded in 2018 by Wu Jihan, a prominent figure in the cryptocurrency industry. Bitdeer provides users with a cloud mining platform, allowing people to mine cryptocurrencies without having to buy expensive mining equipment.

The Merger and What It Means for Bitdeer

At the Blue Safari extraordinary shareholders’ meeting on April 11th, Bitdeer shareholders approved the company’s merger with an unnamed US-listed special purpose acquisition company (SPAC). The merger is expected to be completed on April 13th, 2023. After the merger, Bitdeer Technologies Group will continue to operate as a publicly traded company on NASDAQ under the stock code “BTDR”.

What SPACs Are and How They Work

A SPAC, or special purpose acquisition company, is a publicly traded company with the sole purpose of merging with or acquiring another company. SPACs are often used by companies to raise money and go public without having to go through the traditional IPO process.

The Benefits of Going Public Through a SPAC

Going public through a SPAC has become an increasingly popular option for companies in recent years. Some of the benefits include faster access to capital, fewer regulatory requirements, and the ability to go public at a higher valuation than through a traditional IPO.

What This Means for Bitdeer’s Users

It is still unclear what the merger means for Bitdeer’s users. Some speculate that the merger could mean an increased focus on development and expansion, while others worry that it could lead to changes in the company’s policies and practices.

Conclusion

Bitdeer’s merger with a US-listed SPAC and its upcoming transition to NASDAQ trading under the stock code “BTDR” is a significant development for the company. As a result of the merger, Bitdeer will become a publicly traded company, which could bring about a range of changes, both positive and negative.

FAQs

1. What is a SPAC?
A SPAC, or special purpose acquisition company, is a publicly traded company with the sole purpose of merging with or acquiring another company.
2. Who founded Bitdeer?
Bitdeer was founded by Wu Jihan, a prominent figure in the cryptocurrency industry.
3. Will the merger affect Bitdeer’s operations?
It is still unclear what the merger will mean for Bitdeer’s operations and policies.

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