Blue Safari Group Acquisition Corp. (NASDAQ:BSGA) rose more than 5% intraday Thursday on word that it plans to take Bitdeer public via a SPAC merger that values the crypto-mining services company at some $4B. BSGA rose as much as 5.2% to a $10.49 record intraday high on the news before partly pulling back to change hands at $10.30 shortly before 1:30 p.m. ET, up 3.3%. "The crypto-mining space has attracted tremendous attention in recent years, and Bitdeer's innovative platform has propelled it into the limelight among the most illustrious players in the sector,” Blue Safari CFO Naphat Sirimongkolkasem said in announcing the deal. “It is our privilege to embark on this phenomenal journey and deliver this excellent opportunity to our investors.” Bitdeer’s billionaire founder and Chairman Jihan Wu said that the special purpose acquisition company deal will allow his firm to “continue to solidify our leading position in the crypto-mining
Analysts Predict Potential Altcoin Season
