Bitdeer mined 294 Bitcoins in March
According to the listed mining company Bitdeer, the company used TSMC to produce its Sealminer A1 miner in the third quarter. Bitdeer also revealed that it mined 294 bitcoins in March, an increase of 28.4% compared to March 2023 earnings.
Bitdeer announced the deployment of SEALMINER mining machines and plans to increase the total computing power to 46 EH/s by the end of next year.
Bitdeer announced that it will install its recently released SEALMINER A1 mining machine in its mining center located in Rockdale, Texas, USA. Its Norwegian mining data center will complete a 3.4 EH/s computing power expansion in the third and fourth quarters of 2024, and it is expected that by the end of 2025, the total computing power managed by BitDeer may exceed 46 EH/s.
BitDeer announced the appointment of Wu Jihan as the new CEO, and Kong Linghui was transferred to the chief commercial officer
BitDeer Technology Group announced today that Mr. Wu Jihan, the company's founder and chairman of the board, has been appointed as the CEO of the company, effective from March 1, 2024. In addition to serving as CEO, Mr. Wu Jihan will continue to serve as chairman of the board. Mr. Kong Linghui, the company's current CEO, will be appointed as Chief Business Officer and will continue to serve as a member of the board of directors, also effective from March 1, 2024.
Bitdeer (NASDAQ: BTDR) Proves High Cost-Efficiency After Bitcoin Halving, according to the Report by Cantor Fitzgerald
A recent report by Cantor Fitzgerald suggests that the upcoming Bitcoin halving event will present significant challenges for the eleven largest publicly traded Bitcoin miners. However, Bitdeer, a Singapore-based mining company, is expected to maintain its profitability despite the challenges. Cantor analysts predict that Bitdeer will emerge as a potential winner due to its high cost-efficiency. Bitdeer's cost per coin is estimated to be the lowest compared to other miners at $17,744, assuming an average Bitcoin price of $40,000 and a stable hashrate. This finding highlights Bitdeer's competitive edge and potential to lead the industry post-halving.
BitDeer produced 434 BTC in December 2023
Bitdeer announced unaudited mining and operation updates for December 2023, producing 434 BTC, an increase of 7.7% compared to the previous month and an increase of 149.4% compared to the same period last year. In terms of AI cloud services, Bitdeer received the first batch of NVIDIA DGX H100 systems in December 2023 and has started installation and testing. The cloud service platform is expected to be launched in the first quarter of 2024.
BitDeer’s stock price fell 9.94% after the market opened.
According to reports, the stock price of Bitdeer fell to $8.88, a decrease of 9.94% after opening.
