Wu Jihan's mining company Bitdeer announced an update on its operations for October 2023. As of October 31st, the company's total managed hash rate (including self-mining, cloud mining, and hosting) reached 21.2 EH/s, with 462 BTC mined (only through self-mining). Among them, the Gedu data center in Bhutan provided 3.3 EH/s of hash rate and mined 211 BTC, accounting for 46% of the total BTC mined that month. The total power capacity of the six mining data centers remained stable, totaling 895 MW. In addition, the company has made progress in the 175 MW immersion cooling data center in Norway, which is expected to be completed in 2025.

Bitcoin experienced a nearly 3% spike to $35,500 due to a short squeeze, while solana led the gains in altcoins. The cryptocurrency market cap reached its highest level since May 2022, totaling $1.3 trillion. K33 analyst recommends aggressively accumulating bitcoin in November. Altcoins such as Solana, Toncoin, and Crypto.com's Cronos ecosystem token gained 5%-10%, while Binance's BNB, Ripple's XRP, Cardano's ADA, and Dogecoin (DOGE) retreated 3%-4%. The CoinDesk Market Index (CMI) increased by 1%. The total cryptocurrency market capitalization reached $1.31 trillion, supported by increasing risk-on sentiment on traditional markets. K33 Research noted that capital rotation into altcoins is creating a "mini altcoin season," while accelerating inflows into bitcoin-related funds provide support for BTC's price.

The market shows BTC breaking through $35,500, currently trading at $35,508.2, with an intraday increase of 1.55%. The market is volatile, please be cautious of risk control.

Whale Alert monitoring shows that at 22:53:04 today Beijing time, 3,654 BTC ($127,273,022) was transferred from an unknown wallet to Bitfinex.

On November 7th, Bitdeer publicly released its unaudited mining and operational updates for October 2023 on its official website. In October, Gedu data center provided 3.3EH/s of computing power and mined 211 bitcoins, accounting for about 46% of the total bitcoins mined in that month. The number of bitcoins mined in October 2023 increased by 173.4% compared to the same period last year. The number of bitcoins mined in October 2023 decreased by 4.1% compared to September 2023, mainly due to the increase in the total computing power of the Bitcoin network. The company generally does not hold cryptocurrencies obtained through its mining business and promptly converts them into fiat currency.

On November 7th, data analysis platform Glassnode stated that as the amount of Bitcoin held by long-term investors reaches a historic high, the supply of Bitcoin is in a historically tight state.

According to Coinglass platform data, the current open position of Bitcoin exceeds 15 billion US dollars, reaching 15.64 billion US dollars. Among them, Binance exchange has the largest proportion, reaching 4.096 billion US dollars; CME ranks second, reaching 3.656 billion US dollars; Bybit ranks third, reaching 2.776 billion US dollars.

According to Whle Alert monitoring, 1,500 BTC (valued at $52,128,992) was transferred from an unknown wallet to Coinbase at 21:05 Beijing time, as reported by DeepChain TechFlow.

Bitfarms Ltd., a Bitcoin mining company, has released its financial performance for the third quarter ending September 30, 2023. Out of the 398 BTC mined in October 2023, 341 BTC have been sold, generating revenue of $10 million. The remaining 57 BTC will be added to the treasury, increasing the amount of BTC held in custody to 760 BTC. Based on the BTC price of $34,200 on October 31, 2023, the total value is $26 million.

On November 7th, according to BTC.com data, the Bitcoin network has not produced a block for over 1 hour. The latest block, 815,689, was mined at 16:47:07, reported by AntPool.