Crypto Miner Bitdeer Makes Delayed SPAC Debut in Changed Market
- Crypto miner Bitdeer starts trading on Nasdaq after delays
- Deal once estimated to be worth $4 billion at Bitcoin’s peak
This article is for subscribers only.
Crypto miner Bitdeer Technologies Holding Co. started trading on the Nasdaq Friday after a long-delayed SPAC deal finally closed, allowing shares of the Singapore-based company to be traded in the US.
Bitdeer — owned by Chinese billionaire Jihan Wu — first agreed to merge with Blue Safari Group Acquisition Corp., a special purpose acquisition company, in November 2021. But the transaction was delayed multiple times amid turmoil in the crypto market.