The Latest SPAC News and Rumors: August 8, 2023


The Latest SPAC News and Rumors: August 8, 2023

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: Bitdeer completes mining facility in Bhutan and SEC ends investigation into

Bitdeer Completes Mining Facility in Bhutan

The bitcoin mining firm Bitdeer Technologies (NASDAQ: BTDR) founded by Jihan Wu has completed the construction of a mining facility in Bhutan and is making progress with its operations.

Jihan Wu is a prominent figure in the cryptocurrency space and co-founder of Bitmain, a major manufacturer of cryptocurrency mining hardware.

Bitdeer successfully made its debut on Nasdaq in April through a merger with a special purpose acquisition company (SPAC), boasting a valuation of $1.18 billion.


SEC ends investigation into, which continues to bleed cash ahead of planned SPAC vote

The U.S. Securities and Exchange Commission (SEC) said it does not intend to recommend an enforcement action against digital mortgage lender The pronouncement comes after an investigation on the part of the SEC to determine if violations of federal securities laws had occurred.

Last July, the SEC began looking into whether had violated federal securities laws, requesting documents from both the company and SPAC partner Aurora Acquisition Corp. (NASDAQ:AURC) about their business activities.