Bitdeer Technologies Holding Company, a Singapore-based Bitcoin (BTC) mining corporation, has announced that it has entered into a definitive merger agreement with Blue Safari Group Acquisition Corp. for a business combination of Blue Safari and the miner.
According to the announcement, the two firms are expected to merge and be renamed Bitdeer Technologies Group, retaining their NASDAQ stock market listing.
Bitdeer is a Singapore-based company that focuses on the cryptocurrency mining industry. The Bitcoin mining company currently has five proprietary mining data centers in the United States and Norway.
According to the announcement, the transaction positions Bitdeer as a potential disruptor in the cryptocurrency mining sector. As chairman and creator of Bitdeer, Jihan Wu will continue to lead the combined organization following the conclusion of the transaction.