Bitdeer Mining Insights

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Bitdeer Technologies Group reported key achievements for March 2025. Chief Business Officer Matt Kong stated that the company completed mass production of 3.8 EH/s of SEALMINER A1 rigs, energizing 2.8 EH/s and raising self-mining hashrate to 11.5 EH/s by month-end, with the remainder to come online in April. Bitdeer also launched the SEALMINER A2 Pro, offering 14.9 J/TH efficiency, and received regulatory approval for Phases 1 and 2 of its Tydal, Norway site. The company aims to energize over 600 MW of power capacity in the coming months, including its Bhutan site.

Bitdeer AI, the artificial intelligence cloud service division of Bitdeer, has been awarded the 2025 “Artificial Intelligence Excellence Award” by the Business Intelligence Group and named an “Outstanding Organization in Internet and Technology.” This award recognizes Bitdeer AI’s significant contributions in applying AI technologies to enhance efficiency across multiple industries.

Bitfarms has secured up to $300 million in funding from Macquarie Group to build its Panther Creek high-performance computing (HPC) data center in Pennsylvania. An initial $50 million tranche will kickstart the project, with the remaining $250 million tied to milestone achievements. The facility is expected to reach 500MW capacity, making it attractive to future HPC tenants.

Cango is exiting its China business to focus on international Bitcoin mining and auto ventures. The $351.94M deal with Enduring Wealth Capital includes a $210.64M upfront payment and a $141.3M contingent payout. The restructuring requires shareholder approval and aims to drop Cango’s “China Concept Stock” status. The plan follows EWCL’s proposal to take control and acquire 10M Class B shares from Cango co-founders.

Hut 8 Mining Corp. will take the lead in a new Bitcoin mining venture reportedly backed by Donald Trump Jr. and Eric Trump. The company will own 80% of the American Bitcoin operation, with the Trump family retaining 20%, as revealed by The Wall Street Journal. The miner currently runs around 61,000 ASIC rigs. The deal comes as the Trump-linked ecosystem pushes deeper into digital assets, including ETF and SMA plans with Crypto.com.