Bitdeer and Blue Safari's merger officially takes effect, and they will be listed on Nasdaq with a valuation of $1.18 billion

ChainCatcher News, the U.S. SEC has announced that the registration statement of Bitdeer, a mining company under Wu Jihan, has become effective. This statement is related to the previously announced business combination between Bitdeer and Blue Safari. The merged company, BTG, will become a publicly traded company on NASDAQ, with an estimated valuation of approximately $1.18 billion and the stock ticker "BTDR". It is worth noting that the valuation at the time of the announcement of the merger and listing in 2021 was $4 billion.

In addition, Bitdeer will hold a special shareholder meeting on April 11 to approve the business combination and other matters. (PR Newswire)