Bitdeer and Blue Safari Full Enterprise Mixture

– Bitdeer to Debut on Nasdaq on April 14, 2023

– Bitdeer Shares to Commerce Underneath Ticker “BTDR”

SINGAPORE, April 14, 2023 (GLOBE NEWSWIRE) — Bitdeer Applied sciences Group (“Bitdeer”), a world-leading know-how firm for the cryptocurrency mining neighborhood, and Blue Safari Group Acquisition Corp. (NASDAQ: BSGA) (“Blue Safari”), a particular function acquisition firm, as we speak introduced the completion of their beforehand introduced enterprise mixture (the “Enterprise Mixture”). Bitdeer’s Class A atypical shares will begin buying and selling on the Nasdaq underneath the ticker image “BTDR” on April 14, 2023.

Linghui Kong, Chief Govt Officer of Bitdeer, commented, “The completion of our enterprise mixture with Blue Safari is the beginning of a brand new period for Bitdeer. I wish to thank our group and Blue Safari for his or her focus, diligence, and dedication that has introduced us to this milestone in our growth. Trying forward, we’re delighted to have the ability to proceed to develop our enterprise and additional contribute to the crypto financial system as a Nasdaq-listed firm.”

Naphat Sirimongkolkasem, Chief Monetary Officer and Director of Blue Safari, commented, “The enterprise mixture represents a big milestone for the crypto mining neighborhood, and we’re honored to accomplice with a number one participant on this market. We have now nice admiration for Chairman Jihan Wu and CEO Linghui Kong, who’re visionary leaders on this area. We’re privileged to accomplice with Bitdeer, and we’re optimistic in regards to the alternatives and prospects that lie forward.”

Advisors

Cooley LLP and Travers Thorp Alberga served as authorized counsel to Bitdeer. Davis Polk & Wardwell LLP, Haiwen & Companions, Shook Lin & Bok LLP and Ogier served because the authorized counsel to Blue Safari. Royson Valuation Advisory Restricted served as valuation advisor and IJW & Co., Ltd. supplied a equity opinion to the Board of Administrators and Officers of Blue Safari. Brigoal Consulting Restricted served as transaction service advisor to Blue Safari.

About Bitdeer Applied sciences Group

Bitdeer is a world-leading know-how firm for the cryptocurrency mining neighborhood headquartered in Singapore. Bitdeer has dedicated to offering complete digital asset mining options for its prospects. Bitdeer handles complicated processes concerned in mining resembling miner procurement, transport logistics, mining datacenter design and development, mining machine administration and every day operations. Bitdeer has mining datacenters deployed in america and Norway. To be taught extra, go to www.bitdeer.com.

About Blue Safari Group Acquisition Corp.

Blue Safari Group Acquisition Corp. is a clean verify firm sponsored by BSG First Euro Funding Corp., a British Virgin Islands firm, and shaped for the aim of effecting a merger, share change, asset acquisition, share buy, reorganization or comparable enterprise mixture with a number of companies or entities.

Ahead-Trying Statements

This press launch contains “forward-looking statements” inside the which means of the “secure harbor” provisions of america Personal Securities Litigation Reform Act of 1995. Ahead-looking statements could also be recognized by way of phrases resembling “estimate,” “plan,” “venture,” “forecast,” “intend,” “will,” “anticipate,” “anticipate,” “imagine,” “search,” “goal” or different comparable expressions that predict or point out future occasions or traits or that aren’t statements of historic issues. These forward-looking statements embody, however usually are not restricted to, statements concerning the estimated implied fairness worth of Bitdeer, Blue Safari’s and Bitdeer’s means to consummate the Enterprise Mixture, and expectations associated to the phrases and timing of the Enterprise Mixture, as relevant. These statements are based mostly on varied assumptions, whether or not or not recognized on this press launch, and on the present expectations of Blue Safari’s and Bitdeer’s administration and usually are not predictions of precise efficiency.

These forward-looking statements are supplied for illustrative functions solely and usually are not supposed to serve, and should not be relied on by any investor, as a assure, an assurance, a prediction or a definitive assertion of reality or chance. Precise occasions and circumstances are tough or not possible to foretell and can differ from assumptions. Many precise occasions and circumstances are past the management of Blue Safari and Bitdeer. These forward-looking statements are topic to a lot of dangers and uncertainties, together with failure to comprehend the anticipated advantages of the Enterprise Mixture; Bitdeer’s means to execute on its enterprise mannequin, potential enterprise enlargement alternatives and progress methods, retain and increase prospects’ use of its providers and entice new prospects, and supply and preserve expertise; dangers regarding Bitdeer’s sources of money and money sources; dangers regarding the blockchain and frontier know-how infrastructure sectors, together with the unregulated nature of the cryptocurrency area and potential future laws, volatility of the value of digital belongings, modifications within the award construction for fixing digital belongings and restricted availability of electrical energy sources; dangers regarding Bitdeer’s vulnerability to safety breaches; dangers regarding Bitdeer’s means to handle future progress; the consequences of competitors on Bitdeer’s future enterprise; the flexibility of Bitdeer to problem fairness or equity-linked securities sooner or later; the result of any potential litigation, authorities and regulatory proceedings, investigations and inquiries involving the events to the Enterprise Mixture; the affect of the COVID-19 pandemic on Bitdeer’s enterprise and the worldwide financial system; and people elements mentioned in Bitdeer’s registration assertion on Type F-4 (together with the proxy assertion/prospectus therein)underneath the heading “Threat Elements,” Blue Safari’s last prospectus associated to its preliminary public providing dated June 10, 2021, underneath the heading “Threat Elements,” in Blue Safari’s Annual Report on Type 10-Okay for the fiscal yr ended December 31, 2022 underneath the heading “Threat Elements” filed with the U.S. Securities and Change Fee (the “SEC”) on March 6, 2023 and different paperwork filed, or to be filed, by Bitdeer or Blue Safari occasionally with the SEC. If any of those dangers materializes or our assumptions show incorrect, precise outcomes may differ materially from the outcomes implied by these forward-looking statements. There could also be extra dangers that neither Blue Safari nor Bitdeer presently is aware of or that Blue Safari and Bitdeer at the moment imagine are immaterial that might additionally trigger precise outcomes to vary from these contained within the forward-looking statements. As well as, forward-looking statements replicate Blue Safari’s and Bitdeer’s expectations, plans or forecasts of future occasions and views as of the date of this press launch. Blue Safari and Bitdeer anticipate that subsequent occasions and developments will trigger Blue Safari’s and Bitdeer’s assessments to alter. Nevertheless, whereas Blue Safari and Bitdeer could elect to replace these forward-looking statements in some unspecified time in the future sooner or later, Blue Safari and Bitdeer particularly disclaim any obligation to take action. These forward-looking statements shouldn’t be relied upon as representing Blue Safari’s or Bitdeer’s assessments as of any date subsequent to the date of this press launch. Accordingly, undue reliance shouldn’t be positioned upon the forward-looking statements.

Contacts

Investor Relations
Robin Yang, Accomplice
ICR, LLC
E-mail: [email protected]
Cellphone: +1 (212) 537-5825

Public Relations
Brad Burgess, SVP
ICR, LLC
E-mail: [email protected]
Cellphone: +1 (212) 537-4056