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Bitdeer's Bitcoin mining triples in September, driven by new Bhutan data center
2023.10.06
Bitdeer Technologies Group, a Singapore-based company, has reported a significant tripling in Bitcoin mining for the month of September 2023. The company's Gedu mining data center in Bhutan was instrumental in this surge, accounting for 45% of the increase.
Bitdeer Technologies Group, a Singapore-based company, has reported a significant tripling in Bitcoin mining for the month of September 2023. The company's Gedu mining data center in Bhutan was instrumental in this surge, accounting for 45% of the increase. This information was revealed on Friday.
On Thursday, Bitdeer announced that it mined 482 Bitcoins in September, marking a 25.8% increase from August. This growth was primarily attributed to their new Gedu mining data center. The firm currently manages 221,000 mining machines and maintains an electrical capacity of 895MW for its self-mining and Cloud Hash Rate businesses. The mined cryptocurrencies are promptly converted into fiat.
The company's CEO, Linghui Kong, credits their success to their self-mining business and a consistent 895MW electrical capacity. Bitdeer's strategic development focuses on three key areas, including Hash Rate Sharing with customer income sharing and comprehensive hosting services.
In addition to its operations in Bhutan and the US, Bitdeer is also constructing a 175MW immersion cooling data center in Norway, known as the Tydal Datacenter project. This new project is expected to be completed by 2025. As of now, the company manages a total hash rate of 21.2 EH/s and a proprietary hash rate of 8.7 EH/s.
Bitdeer's operations span across self-mining, hash rate sharing, and hosting services. With a total hash rate of 21.2 EH/s, the firm continues to expand its reach in the cryptocurrency mining industry.
*Information provided in this article is for general information and reference only and does not constitute nor is intended to be construed as any advertisement, professional advice, offer, solicitation, or recommendation to deal in any product. No guarantee, representation, warranty or undertaking, express or implied, is made as to the fairness, accuracy, timeliness, completeness or correctness of any information, or the future returns, performance or outcome of any product. Bitdeer expressly excludes any and all liability (to the extent permitted by applicable law) in respect of the information provided in this article, and in no event shall Bitdeer be liable to any person for any losses incurred or damages suffered as a result of any reliance on any information in this article.
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