– Bitdeer is a cryptocurrency miner that was supposed to be taken public by the Blue Safari Group at a $4 billion valuation.
– However, the bear market has left many crypto firms waiting in the wings or worse, and the Blue Safari Group has had to extend the deadline for the merger several times.
– The latest extension is the last that can be covered by a loan from Bitdeer, and the deadline is now December 14.
– Bitdeer was founded by Jihan Wu, who is also known for co-founding Bitmain and translating Satoshi Nakamoto’s Bitcoin whitepaper into Mandarin.
– Recent crypto SPAC deals have not gone as planned, with several companies canceling their plans to go public.
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