Blue Safari Group Acquisition, which announced a proposed merger with crypto mining company Bitdeer almost 16 months ago, today filed a proxy outlining terms of the deal.
The $4 billion deal was originally expected to close in the first quarter of 2022.
After multiple extension votes — the most recent giving the SPAC until December to close the deal — Blue Safari Group’s trust was down to $18.15 million after redemptions. Blue Safari had raised $50 million in a June 2021 IPO.
Headquartered in Singapore, Bitdeer currently operates five proprietary mining datacenters in the United States and Norway. Read more.
