Cloud mining service provider Bitdeer has just gone public through a reverse merger with a SPAC.
On April 14, the shares of the combined company, named Bitdeer Technologies Group, started trading on the Nasdaq under the ticker BTDR. Currently, the company's shares are trading at around $7.
A few days earlier, Bitdeer and Blue Safari Group Acquisition Corp announced the approval of the deal by shareholders. The new company will continue to be led by Jihan Wu as founder and chairman.
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According to the press release, the provider operated six data centers with a combined capacity of 775 MW at the end of last year.
The company provides services for crypto mining equipment procurement, logistics, hosting and cloud mining.
Bitdeer first announced its plans to go public in November 2021.