The U.S. Securities and Exchange Commission (SEC) has declared the F-4 registration statement of Jihan Wu's Bitdeer (Bitdeer) effective, which is consistent with the previous announcement by Bitdeer and its special purpose acquisition company (SPAC) Blue Safari Group Acquisition related to the proposed business combination. Blue Safari will hold an extraordinary general meeting of shareholders on April 11 to approve business mergers and other matters. The merged company will become a Nasdaq-listed company with a valuation of approximately US$1.18 billion and a stock code of "BTDR". The business combination is expected to close shortly after Blue Safari stockholder approval and the satisfaction of other customary closing conditions described in the proxy statement and registration statement.