Good News on Listing | Frost & Sullivan Assists Bitdeer Group in Successfully Listing on NASDAQ via SPAC

During this listing process in the US, Frost & Sullivan mainly undertook the following tasks: helping the issuer accurately and objectively understand its positioning in the target market, using objective market data to discover, support, and highlight the issuer's competitive advantages, assisting the issuer, investment banks, and other intermediaries in writing relevant parts of the prospectus (such as overview, competitive advantages and strategy, industry overview, business, and other important chapters), helping the issuer communicate with the SEC and investors, assisting investors in quickly understanding the market ecosystem and competitive landscape, and assisting the issuer in completing various feedback from the SEC regarding industry issues.

The company is a globally leading cryptocurrency mining technology company;

The company independently developed the integrated intelligent software Minerplus, providing customers with cryptocurrency mining services and related solutions through self-operated mining, computing power sharing, and hosting businesses. At the same time, it sells its own computing power in the cloud computing power sharing market and matches third-party computing power suppliers for customers;

The company currently operates five mining data centers in the US and Norway, with a cumulative installed capacity of 522 MW as of June 2022;

At the end of 2022, the company reduced the average power cost of its mining data centers to $40/MWh, lower than the global average;

According to a Frost & Sullivan report:

As of June 2022, the company was the world's second-largest holder of its own computing power, accounting for 1.8% of the total Bitcoin network computing power, and also had a market share of 37.4% in the cloud computing power sharing market.

Bitcoin Price, 2016-2022

Computing power is the ability involved in verifying transactions on blockchain. The stronger the mining capability of a cryptocurrency, the higher the network security and the greater the interest in mining that cryptocurrency for profit potential. Bitcoin and Bitcoin Cash each hold the largest share of total cryptocurrency computing power, indicating higher profitability from mining these two cryptocurrencies. The remaining computing power of other cryptocurrencies is limited. As more computing power joins the network, the computing power required to generate each block also increases, thus increasing mining difficulty. In 2022, global Bitcoin computing power was close to 300 EH/s.

Frost & Sullivan has rich research experience in the network technology industry and has assisted well-known enterprises in successfully listing on the capital market. Successful listing cases include: Kingsoft Cloud (3896.HK), HaoDong Technology (2440.HK), Xuanwu Cloud Technology (2392.HK), Huitongda (9878.HK), Innovation Qizhi (2121.HK), Qinhuai Data (NASDAQ: CD), Mingyuan Cloud (0909.HK), Ebon International (NASDAQ: EBON), WanKala Group (1762.HK), AsiaInfo Technology (1675.HK), Hongya Holdings (1723.HK), Aurora Mobile (NASDAQ: JG), Jingguan Holdings (8606.HK), QiYi Technology (1739.HK), WeBank (2003.HK), HuiPay World (1806.HK), Atlinks (8043.HK), Zioncom (8287.HK), ISP Global (8487.HK), Vobile (3738.HK), Aibo Technology (2708.HK), iClick (NASDAQ: ICLK), Shengye Capital (6069.HK), Anling International (8410.HK), Anke Systems (8353.HK), Junmeng International (8062.HK), Feida (8342.HK), Future Data (8229.HK), and Asia Backup (8290.HK).