Crypto miner Bitdeer Technologies Group and Blue Safari Group Acquisition today announced the completion of their merger.
Bitdeer began trading today on the Nasdaq under the ticker symbol BTDR.
Following multiple extension votes, Blue Safari Group’s trust was down to $18.15 million after redemptions. The SPAC had raised $50 million in a June 2021 IPO.
When announced in January 2022, the deal valued Bitdeer at an implied enterprise value of $4 billion.
Cooley and Travers Thorp Alberga served as legal counsel to Bitdeer. Davis Polk & Wardwell, Haiwen & Partners, Shook Lin & Bok and Ogier were legal counsel to Blue Safari. Royson Valuation Advisory Limited served as valuation advisor and IJW & Co. provided a fairness opinion to Blue Safari. Brigoal Consulting Limited served as transaction service advisor to Blue Safari.
BitDeer is a Singapore-based company operating five proprietary mining datacenters in the United States and Norway. Read more.
