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Bitdeer Technologies Group, the Singapore-based crypto mining platform controlled by mogul Jihan Wu, saw its shares surge 122% over the past month as the company announced a share buyback amid traditional financial firms’ renewed interest in digital assets.
Bitdeer Technologies Group (“Bitdeer”), a world-leading technology company for the cryptocurrency mining community, and Blue Safari Group Acquisition Corp. (NASDAQ: BSGA) (“Blue Safari”), a special purpose acquisition company, today announced the completion of their previously announced business combination (the “Business Combination”). Bitdeer’s Class A ordinary shares will commence trading on the Nasdaq under the ticker symbol “BTDR” on April 14, 2023.
Cryptocurrencies make most people think of trading and extreme volatility, but there’s far more to the ecosystem than what takes place on exchanges. Longtime members of the crypto community recognize that the genesis of digital assets is just as important and interesting, because that’s how major digital assets come into existence.
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