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BitDeer Technologies Group to Trade on NASDAQ after Merger Approval

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On April 12th, it was announced that Bitdeer, a mining company under Wu Jihan, had approved their previously announced merger at the Blue Safari extraordinary shareholders\’ meeting

BitDeer Technologies Group to Trade on NASDAQ after Merger Approval

On April 12th, it was announced that Bitdeer, a mining company under Wu Jihan, had approved their previously announced merger at the Blue Safari extraordinary shareholders’ meeting on April 11th. The merger is expected to be completed on April 13th, 2023. After completion, Bitdeer Technologies Group will continue to serve as the merged company, and its shares are expected to start trading on NASDAQ on April 14, 2023, under the stock code “BTDR”.

Bitter Deer, a mining company under Wu Jihan, will go public on NASDAQ on April 14th

Introduction

On April 12th, Bitdeer Technologies Group announced its approval for a merger at the Blue Safari extraordinary shareholders’ meeting held on April 11th, 2023. This article will provide detailed information on the approval of Bitdeer Technologies Group’s merger and its expected impact on the future of the mining industry.

Bitdeer Technologies Group’s Merger Detail

Bitdeer Technologies Group, a mining company, recently announced its approval of the merger deal. Wu Jihan is the CEO of Bitdeer, a company that provides cloud services, software, and hardware products in the mining industry. The merger was approved at the Blue Safari extraordinary shareholders’ meeting held on April 11th, 2023, and is set to take place on April 13th, 2023. The merged company will continue to operate under the name Bitdeer Technologies Group, and its shares will be traded on NASDAQ starting on April 14, 2023, under the stock code “BTDR.”

Discussion

Bitdeer Technologies Group’s merger approval is significant in the mining industry, given that Wu Jihan is a well-known figure in the industry. Bitdeer Technologies Group is expected to continue providing cloud services, software, and hardware products to its customers following the merger. The company’s large-scale facilities for cryptocurrency mining are also expected to continue operations after the merger, as the company expands its operations.
The merger of Bitdeer Technologies Group is expected to have a significant impact on the future of cryptocurrency mining. The company’s expertise in miners’ management, development of profitable mining operations, and technological solutions are expected to drive growth in the mining industry. Additionally, its continued efforts in cost optimization, especially through the development of new applications for cryptocurrency mining, could lower mining costs and drive up profitability in the industry.
The merger is also expected to increase the company’s leverage and bargaining power. As a larger company, Bitdeer Technologies Group will be in a position to negotiate better prices for equipment and electricity, which could further drive down mining costs. The company’s stock listing on NASDAQ will also give investors and stakeholders more confidence in the company and enable it to attract more capital for future expansion.

Conclusion

Bitdeer Technologies Group’s approval of its merger is a significant development in the cryptocurrency mining industry. The company’s expertise in miners’ management, development of profitable mining operations, and technological solutions is expected to facilitate growth in the mining industry. Additionally, this move is expected to lower mining costs, drive up profitability, increase the company’s leverage and bargaining power, and attract more investors.

FAQs

1. What is Bitdeer Technologies Group?
Bitdeer Technologies Group is a mining company that provides cloud services, software, and hardware products in the mining industry.
2. Who is Wu Jihan?
Wu Jihan is the CEO of Bitdeer Technologies Group, a well-known figure in the mining industry.
3. When will Bitdeer Technologies Group’s merger be completed?
The merger is expected to be completed on April 13th, 2023.

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