Share this article
BTC
$82,157.97
+
7.29%ETH
$1,637.91
+
12.15%USDT
$0.9995
+
0.05%XRP
$2.0374
+
12.15%BNB
$578.49
+
4.89%SOL
$118.73
+
14.55%USDC
$0.9999
-
0.01%DOGE
$0.1599
+
12.07%ADA
$0.6312
+
13.10%TRX
$0.2362
+
2.43%LEO
$9.3510
+
3.86%LINK
$12.58
+
15.69%TON
$3.2064
+
7.16%AVAX
$18.46
+
15.53%XLM
$0.2436
+
10.07%SUI
$2.2474
+
13.88%HBAR
$0.1699
+
13.93%SHIB
$0.0₄1188
+
11.50%OM
$6.4526
+
4.60%BCH
$306.45
+
13.63%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menuConsensus
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars & Events
Crypto Miner Bitdeer Bought Physical Safety Vault Le Freeport for Over $28M: Report
The miner is looking to go public via a SPAC merger.
Crypto miner Bitdeer Technologies has bought a maximum security physical safety vault, Le Freeport, for S$40 million ($28.4 million), Bloomberg reported, citing sources.
Bitdeer, which is backed by crypto billionaire Jihan Wu, bought the Singapore-based vault in July, the report said. Le Freeport is a repository for fine art, precious gems, and gold and silver bars, from shareholders led by Swiss art dealer and founder Yves Bouvier, according to the report.
STORY CONTINUES BELOW
Wu confirmed the transaction in a text message to Bloomberg.
Le Freeport is a unique acquisition by Bitdeer, which was looking to go public through a deal with a special-purpose acquisition company.
Bitdeer was formed after Bitmain, the world's largest mining rig manufacturer, was split into two companies. Bitmain was founded by Micree Zhan and Wu and was split into two after a messy battle between the two co-founders. Zhan kept Bitmain’s design and manufacturing business, buying Wu's share, while Wu kept Bitdeer.
Bitdeer didn't immediately respond to a request for comment.
Read more: Bitmain Redux: Bitdeer and BitFuFu Are About to Test US Stock Market's Mining Appetite
Parikshit Mishra
Parikshit Mishra is CoinDesk's Regional Head of Asia, managing the editorial team in the region. Before joining CoinDesk, he was the EMEA Editor at Acuris (Mergermarket), where he dealt with copies related to private equity and the startup ecosystem. He has also worked as an Senior Analyst for CRISIL, covering the European markets and global economies. His most notable tenure was with Reuters, where he worked as a correspondent and an editor for various teams. He does not have any crypto holdings.
