Press Release

Bitdeer Announces Merger With Blue Safari

April 14, 2023

Singapore and Hong Kong – April 14, 2023 – Cooley advised Bitdeer Technologies Holding Company, a world-leading technology company for the cryptocurrency mining community, on its business combination with Blue Safari Group Acquisition Corp., a special purpose acquisition company.

Bitdeer and Blue Safari completed the business combination on April 13, 2023, which valued Bitdeer at an implied equity value of $1.18 billion. The combined company – Bitdeer Technologies Group –commenced trading on Nasdaq on April 14, 2023, with its ordinary shares listed under the new ticker symbol BTDR.

Partner Will Cai led a global team of Cooley lawyers on this transaction, joined by partners Nicolas H.R. Dumont and Tim Pitrelli. Special counsel Reid Hooper offered valuable knowledge and experience in Securities and Exchange Commission communication.

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