Bitdeer Technologies Group to Merge and Start 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

In exciting news for the cryptocurrency community, mining company Bitdeer has announced its merger with another company under Wu Jihan. The Blue Safari extraordinary shareholders’ meeting on April 11th approved the merger, with completion expected on April 13th, 2023. Bitdeer Technologies Group will continue to serve as the merged company, and its shares will start trading on NASDAQ on April 14, 2023, under the stock code “BTDR”. Let’s take a closer look at what this merger means for Bitdeer and the wider cryptocurrency market.

What is Bitdeer Technologies Group?

Bitdeer Technologies Group is a global cryptocurrency mining service provider. It was founded in 2018 by Jihan Wu, co-founder of Bitmain, the world’s largest producer of bitcoin mining machines. Bitdeer offers flexible, reliable and efficient mining services to users around the world. The company has data centers in North America, Europe, and Asia, and works with major mining pools such as Antpool and BTC.com. Bitdeer Technologies Group has been growing rapidly since its inception, and the planned merger is set to cement its position in the market.

The Merger: What You Need to Know

Bitdeer’s announcement of an impending merger with another company under Wu Jihan set the cryptocurrency community abuzz with positive anticipation. Now that the merger has been approved, there is more information to share. Here are some key points:

Completion Date

The merger is set to take place on April 13th, 2023. This means that Bitdeer will begin operating as a merged entity on this date.

Continuation of Bitdeer Technologies Group

After the merger, Bitdeer Technologies Group will continue to operate with the same name and business structure. The company will leverage its existing strengths and resources to expand its reach and relevance in the wider cryptocurrency market.

Trading on NASDAQ

Bitdeer Technologies Group’s shares will start trading on NASDAQ on April 14, 2023, under the stock code “BTDR”. This listing promises to bring significant attention and investment to the cryptocurrency mining industry.

Impact on the Cryptocurrency Market

This merger is significant for both Bitdeer and the wider cryptocurrency market. With the merger and NASDAQ listing, Bitdeer Technologies Group will become a publicly-traded company, with all the increased visibility, liquidity and access to capital that this affords. This development is a landmark moment for the cryptocurrency mining industry, as Bitdeer will become one of the first mining companies to be listed on such a major stock exchange.
In the wider context, the Bitdeer merger will likely boost investor confidence in the cryptocurrency market overall. This is particularly relevant given the recent dip in prices and uncertainty in the market. With Bitdeer’s success, the mining industry may well become a more viable and sustainable investment option in the future.

Conclusion

Bitdeer Technologies Group’s merger with another company under Wu Jihan is a significant development for the cryptocurrency mining industry. This merger promises to expand Bitdeer’s reach and relevance in the market, making it even more competitive and innovative. The NASDAQ listing is a major accomplishment for the company and the wider cryptocurrency industry, as it highlights the increasing importance of cryptocurrency mining in the global financial landscape.

FAQs

Q1: Who is Wu Jihan, and why is he relevant to the cryptocurrency world?

Wu Jihan is a prominent figure in the cryptocurrency world. He co-founded Bitmain, the world’s largest producer of bitcoin mining machines, and went on to found Bitdeer Technologies Group. Wu is known for his expertise in mining and for his commitment to making cryptocurrencies accessible to a wider audience.

Q2: What is a merger, and how does it work?

A merger is when two or more companies combine to form a new entity. This new entity takes on the assets and liabilities of the merging companies and operates under a new name and legal structure.

Q3: What is NASDAQ, and why is it important for Bitdeer Technologies Group to be listed there?

NASDAQ is a major American stock exchange, known for listing technology companies such as Apple, Amazon and Facebook. Listing on NASDAQ can increase a company’s profile, liquidity and access to capital. This is particularly relevant for Bitdeer Technologies Group, as it highlights the increasing relevance of cryptocurrency mining in the global financial landscape.