There are machines for mining.
The images are from Fedrico PARRA.
Bitdeer is going public in a $4 billion deal with Blue Safari Group Acquisition.
The firm plans to list on the Nasdaq after the deal closes. The company will be renamed Bitdeer Technologies Group.
The founder and chair will retain control of the firm after completion. The boards of the two companies unanimously approved the transaction.
Bitdeer runs five mining data centers in the US and Norway. The company provides services related to mining.
It was spun off from Bitmain in January after a long leadership tussle.
Blue Safari Group went public in June. The merger announcement comes as the price of the digital currency has gone up and down in recent weeks.
SPACs, which are shell companies seeking to merge with private companies with the intention of taking them public, have exploded in popularity in the last year.
SPACs raised $83.3 billion in 2020. 548 SPACs have raised more than $150 billion, accounting for 42% of initial public offerings.
Business Insider has an original article.
