THE DAILY ENCRYPT

September 30, 2022

Bitcoin Mining Firm Bitdeer Buys Physical Vault Le-Freeport in Singapore

Bloomberg reports that Bitdeer purchased the Singaporean maximum security vault Le Freeport in July, for $28.4million. Bitdeer has been trying to go public through a...
black and silver door knob
Photo by Jason Dent

Bloomberg reports that Bitdeer purchased the Singaporean maximum security vault Le Freeport in July, for $28.4million. Bitdeer has been trying to go public through a SPAC deal, but this has been delayed. 

According to Bloomberg, Bitdeer, a Bitcoin miner, has purchased Le Freeport, a Singaporean maximum security vault.

Sources told Bloomberg that the deal was valued at S$40million ($28.4 millions) and closed in July.

Related Articles:  European Central Bank Looking into Distributed Ledger Technology

Vault Le Freeport was previously owned by an art dealer

Previously, Le Freeport belonged to Yves Bouvier, a Swiss art dealer. It was also a repository of fine art, precious gemstones, and gold bars.

Bitdeer didn’t immediately respond to The Block’s request for comment.

Since last year’s announcement of a $4B SPAC deal with blank check firm Blue Safari Group Acquisition Corp, the company has been trying to go public. According to a US Securities and Exchange Commission filing this month, the deadline has been extended by three months from September 14th to December 14.

Related Articles:  Russia Wants Crypto Miners to use Renewable Energy Such as Hydro and Nuclear Energy

Jihan Wu, the founder of Bitmain bitcoin mining company, is now leading the company. In early 2021, Wu left the company.

Felipe Rodriguez

Felipe Rodriguez

Felipe states he has super powers, some argue that case but he does come up with some very clear predictions. Felipe is based in the US and frequently travels to Brazil where he was born. He is a journalist of the future and has a portfolio of crypto projects he has worked with. Felipe always says "The future doesn't scare me as much as the past, crypto is here to stay but only time will tell where it will take us".
Felipe Rodriguez

Felipe Rodriguez

Felipe states he has super powers, some argue that case but he does come up with some very clear predictions. Felipe is based in the US and frequently travels to Brazil where he was born. He is a journalist of the future and has a portfolio of crypto projects he has worked with. Felipe always says "The future doesn't scare me as much as the past, crypto is here to stay but only time will tell where it will take us".

© 2022 The Daily Encrypt. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Latest News
PRESS RELEASES